Needham Maintains Buy Rating, $325 Price Target As Firm Notes 'TTD is our top stock pick for 2020' Cites 3 Reason:

1. 'GroupM projects US ad spending will grow in 2020, driven by $10B of political ad spending' 2. '100% of TTD’s revenue is from advertising, which is linked to economic strength. The economy is

Benzinga · 12/19/2019 15:22

1. 'GroupM projects US ad spending will grow in 2020, driven by $10B of political ad spending'

2. '100% of TTD’s revenue is from advertising, which is linked to economic strength. The economy is typically robust in a year when a President can be re-elected'

3. 'eMarketer projects US digital ad revenue of $150B in 2020, with FB, GOOGL and AMZN representing about $105B'