Shares of Trade Desk Inc. (NASDAQ: TTD) are soaring 5.07% in intraday trading on Thursday, as investors eagerly await the company's first-quarter earnings report scheduled for release after the closing bell. The surge in stock price reflects growing optimism about the company's performance and comes against a backdrop of largely positive analyst ratings.

According to data from Benzinga Pro, analysts expect Trade Desk to report quarterly earnings of 25 cents per share, slightly down from 26 cents per share in the year-ago period. The company's revenue is projected to reach $575.28 million, up from $491.25 million a year earlier, indicating strong top-line growth despite potential margin pressure.

Several prominent Wall Street analysts have recently weighed in on Trade Desk, maintaining bullish stances despite some price target adjustments. Rosenblatt analyst Barton Crockett initiated coverage with a Buy rating and a $77 price target. Stifel's Mark Kelley and Needham's Laura Martin both reiterated Buy ratings, with price targets of $87 and $84, respectively. Morgan Stanley and Truist Securities analysts also maintained positive outlooks, though they lowered their price targets. The overall sentiment suggests that despite some near-term challenges, analysts see significant upside potential in Trade Desk's stock.