DSP

Price Target Adjustment: Raymond James has lowered Viant's price target to $27 from $30 while maintaining an Outperform rating, citing strong Q4 results that exceeded expectations and aligned guidance for Q1.

Market Reaction: Despite solid performance in a challenging industry quarter, the after-market decline in Viant's shares is viewed as confusing, with Raymond James suggesting it could present a buying opportunity if the trend continues.

Analyst Rating and Performance: Matthew Condon from JMP Securities maintains a Buy rating on Viant Technology with a price target of $24.00, while the analyst consensus is a Strong Buy with an average target of $25.20. Condon has a notable average return of 29.8% and a 66.67% success rate on his stock recommendations.

Financial Results and Insider Activity: Viant Technology reported a quarterly revenue of $79.92 million and a net profit of $1.51 million for the quarter ending September 30, showing significant growth compared to the previous year. However, insider sentiment is negative as there has been an increase in insiders selling shares, including a recent sale by Director Max Valdes.

Stock Performance Overview: Okta and several other companies saw significant stock increases after positive earnings reports, while GigaCloud Technology and others experienced declines following disappointing results.

Market Insights: Analysts are recommending strong buy ratings for certain stocks, and tools like TipRanks’ Stock Screener can help investors identify promising investment opportunities.

Financial Performance: Viant Technology Inc. reported significant growth in Q4 and full-year 2024, with revenues reaching $90.1 million (up 40% year-over-year) and a net income of $7.7 million, marking a turnaround from a loss in 2023. The company also plans to enhance its advertising technology through the acquisition of Lockr and partnerships that improve targeting capabilities.

Future Projections: For Q1 2025, Viant anticipates revenue between $65 million and $68 million, alongside continued investments in innovative solutions like ViantAI, while acknowledging potential risks such as market development and regulatory challenges that could impact future performance.

Viant's Acquisition of Lockr: Viant Technology Inc. has acquired Lockr, a first-party data collaboration platform, to enhance addressability in programmatic advertising and streamline data integration for publishers.

Future of Advertising: The acquisition is expected to accelerate the adoption of Viant's Household ID and IRIS_ID, enabling more effective use of first-party data in ad campaigns while supporting the broader open internet ecosystem.

Analyst Conference Call: Analyst White will host a conference call with management on March 6 at 1 pm, organized by DA Davidson.

Stock Ratings and Partnerships: Viant has seen multiple price target increases from various analysts and has formed a strategic partnership with the Association of National Advertisers.

Analyst Upgrade: Raymond James analyst Andrew Marok raised Viant's price target to $30 from $18, maintaining an Outperform rating due to positive trends in the advertising technology sector and expectations of growth driven by political and holiday season ad spending.

Market Insights: The analyst's optimistic outlook is supported by a stabilized macroeconomic environment, indicating potential for increased advertising expenditures in the upcoming quarter.

Analyst Ratings and Price Target: JMP Securities analyst Matthew Condon has maintained a Buy rating on Viant Technology with a price target of $24.00, while the current consensus is a Strong Buy with an average target of $21.40, indicating a potential upside from its recent closing price of $20.52.

Insider Activity and Company Overview: Despite positive analyst ratings, insider sentiment towards Viant Technology is negative, with increased selling activity among insiders; the company specializes in advertising software that facilitates programmatic ad purchases across various platforms.

New Partnership Announcement: Viant Technology Inc. has formed a strategic partnership with the Association of National Advertisers (ANA) to enhance its growth and innovation in the advertising industry, leveraging ANA's extensive network of marketing leaders.

Viant's Industry Leadership: The partnership comes as Viant continues to excel in AI-powered programmatic advertising, particularly through innovations like ViantAI, which aims to redefine media buying and improve advertising performance across various channels.

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Upcoming Investor Conferences: Viant Technology Inc. will present at several investor conferences in December 2024, including the UBS Global Technology and AI Conference, Wolfe Research Small and Midcap Conference, and Raymond James 2024 TMT & Consumer Conference, with live webcasts available on their investor relations website.

Company Overview: Viant Technology is a leader in AI-powered programmatic advertising, focusing on innovation in digital marketing through its omnichannel platform and recently launched ViantAI, which aims to provide fully autonomous advertising solutions.

Collaboration Announcement: Viant Technology Inc. has expanded its agreement with Disney Advertising to enhance the addressability and biddability of premium CTV, video, and display inventory for advertisers using advanced technologies like Clean Room and BridgeID.

Impact on Advertisers: This partnership aims to improve campaign performance by providing midmarket buyers with more opportunities and flexibility, leveraging Viant's expertise in CTV and AI-powered solutions to maximize audience insights and reach.

Launch of Certified Partner Program: Viant Technology Inc. has introduced its Certified Partner Program, collaborating with five leading companies to enhance data performance and transparency in its Demand-Side Platform, particularly focusing on Connected TV (CTV) advertising.

Impact of Partnerships: Insights from Circana, one of the partners, reveal that campaigns integrating CTV achieved a conversion rate of 12.89%, significantly higher than the 2.5% average for non-CTV campaigns, highlighting the effectiveness of the partnerships in driving campaign success.

Earnings Conference Call Overview: Viant Technology Inc. held its Q3 2024 earnings conference call on November 12, 2024, featuring key executives including CEO Tim Vanderhook and CFO Larry Madden, who discussed financial results and future guidance.

Forward-Looking Statements: The company emphasized that the call would include forward-looking statements regarding Q4 2024 guidance and industry trends, which are subject to risks and uncertainties that may affect actual outcomes.

Analyst Upgrades: Several Wall Street analysts have upgraded their ratings on various companies, including On Holding AG (from Neutral to Buy), PACCAR Inc. (from In-Line to Outperform), CCC Intelligent Solutions Holdings Inc. (from Equal-Weight to Overweight), Cummins Inc. (from In-Line to Outperform), and Viant Technology Inc. (from Hold to Buy).

Price Target Adjustments: Along with the upgrades, analysts have also raised price targets for these stocks, with notable increases for Cummins Inc. from $294 to $408 and PACCAR Inc. from $99 to $129.

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Top Movers on Wall Street: Several companies saw significant stock price increases after earnings reports, with Dave (DAVE) leading at a 33.5% rise, followed by Cava Group (CAVA) and Natera (NTRA) with gains of 16.3% and 14.0%, respectively.

Declines After Earnings: Conversely, Vroom (VRM) experienced the largest drop at 38.1% following its earnings report, along with other notable declines from Inseego (INSG) and Groupon (GRPN), which fell by 25.3% and 22.3%.

Integration of ViantAI and Comscore: Viant Technology Inc. has expanded its integration with Comscore to enhance its AI-driven media buying platform, ViantAI, by utilizing Comscore's audience data for more precise media planning and execution.

Commitment to Innovation: This collaboration emphasizes Viant's dedication to providing reliable, actionable insights through AI technology, reinforcing its position as a leader in programmatic advertising and autonomous solutions.

Upcoming Financial Results Announcement: Viant Technology Inc. will release its third quarter 2024 financial results on November 12, 2024, after U.S. markets close, followed by a conference call at 2:00 p.m. Pacific Time.

Company Overview: Viant is a leader in AI-powered programmatic advertising, focusing on innovation in digital marketing and recently recognized for its advancements in AI and workplace culture.

Event Announcement: Viant Technology Inc. will host its second annual Direct Access event on October 30, 2024, in New York City, focusing on the impact of Connected TV (CTV) in advertising, featuring expert panels and networking opportunities.

Panel Discussions: The event will include discussions on leveraging addressable CTV for better advertising outcomes and innovative strategies for expanding live sports viewership on CTV, with participation from industry leaders.