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Today's most important initiations

Published 12/20/2022, 05:31 PM
Updated 12/20/2022, 05:37 PM
© Reuters Today's most important initiations

By Davit Kirakosyan

The Trade Desk (NASDAQ:TTD) shares gained more than 5% today after Piper Sandler initiated coverage on the company with an Overweight rating and a price target of $60.00. According to the analysts, the company is strategically positioned to benefit from the demand for data-driven solutions and the rise of connected TV (CTV), leading to market share gains.

Credit Suisse assumed coverage on Oracle (NYSE:ORCL) with an Outperform rating and a price target of $115.00.

Cantor Fitzgerald initiated coverage on Rivian Automotive Inc (NASDAQ:RIVN) with an Overweight rating and a price target of $30.00. The analysts believe the company benefits from a differentiated product offering, strong backing from Amazon (NASDAQ:AMZN), and a proprietary charging network.

Credit Suisse assumed coverage on Salesforce (NYSE:CRM) with an Outperform rating and a price target of $225.00.

Credit Suisse assumed coverage on ZoomInfo Technologies (NASDAQ:ZI) with an Outperform rating and a price target of $55.00.

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