DSP

Viant Technology Inc

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Advanced Chart

10.400

+0.37(3.689%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

10.530

Open

10.160

VWAP

10.38

Vol

226.12K

Mkt Cap

650.69M

Low

10.160

Amount

2.35M

EV/EBITDA(TTM)

27.01

Total Shares

16.51M

686.71M

EV/OCF(TTM)

13.72

P/S(TTM)

0.70

Viant Technology Inc. is an advertising technology company. The Company is engaged in artificial intelligence (AI)-powered programmatic advertising. The Company’s omnichannel platform, built for Connected TV (CTV), allows marketers to plan, execute, and measure their campaigns. Its cloud-based demand side platform (DSP) enables the programmatic purchase of advertising, which is the electronification of the digital advertising buying process. Its DSP is used by marketers and their advertising agencies to centralize the planning, buying and measurement of their digital advertising across various channels. Through its omnichannel platform, a marketer can buy ads on CTV, mobile, desktop, in-game, streaming audio and digital billboards. Its product suite, ViantAI, handles every stage of programmatic advertising, from building campaigns to optimizing execution. IRIS.TV, a Viant Technology company, is the only data platform built for video and CTV. IRIS_ID is its content identifier.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

81.71M

+15.67%

0.055

+83.33%

98.96M

+9.88%

0.230

+53.33%

85.49M

+6.97%

0.138

-8%

Estimates Revision

The market is revising Downward the revenue expectations for Viant Technology Inc. (DSP) for FY2025, with the revenue forecasts being adjusted by -1.55% over the past three months. During the same period, the stock price has changed by -25.50%.

Revenue Estimates for FY2025

Revise Downward

-1.55%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-4.49%

In Past 3 Month

Stock Price

Go Down

-25.50%

In Past 3 Month

9 Analyst Rating

77.88% Upside

Wall Street analysts forecast DSP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DSP is 18.50 USD with a low forecast of 10.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Buy

1 Hold

0 Sell

Strong Buy

77.88% Upside

Current: 10.400

Low

10.00

Averages

18.50

High

26.00

77.88% Upside

Current: 10.400

Low

10.00

Averages

18.50

High

26.00

Citizens JMP

Outperform

NULL

downgrade

$24 -> $18

2025-08-12

Reason

Citizens JMP

Price Target

$24 -> $18

2025-08-12

downgrade

Outperform

NULL

Reason

Citizens JMP lowered the firm's price target on Viant to $18 from $24 and keeps an Outperform rating on the shares. Viant's Q2 results with contribution ex-TAC came in near the midpoint of guidance, with EBITDA at the high end of guidance, but Q3 guidance was below consensus expectations by about $3M and EBITDA guidance was $2M below consensus as the company was impacted by an agency partner losing a sizable advertiser client, the analyst tells investors in a research note. The firm believes there is upside to estimates going forward.

Raymond James

Andrew Marok

Strong Buy

downgrade

$20 -> $19

2025-08-12

Reason

Raymond James

Andrew Marok

Price Target

$20 -> $19

2025-08-12

downgrade

Strong Buy

Reason

Raymond James analyst Andrew Marok lowered the firm's price target on Viant to $19 from $20 and keeps a Strong Buy rating on the shares. Viant posted solid Q2 results, though Q3 guidance was short of expectations, as one of Viant's agency customers lost a key client with Q3-heavy spend that created a 600 basis point headwind to contribution ex-TAC growth, the analyst tells investors in a research note. The firm sees a strong setup and continues to rank Viant as one of the top innovators in its adtech coverage.

Canaccord

Buy

downgrade

$24 -> $22

2025-08-12

Reason

Canaccord

Price Target

$24 -> $22

2025-08-12

downgrade

Buy

Reason

Canaccord lowered the firm's price target on Viant to $22 from $24 and keeps a Buy rating on the shares. The firm said they reported solid Q2 results, with revenue, contribution ex-TAC, and adj. EBITDA all within their respective guidance ranges and in line with expectations. The company said its Q3 outlook will be impacted by campaign delays, and a significant client switching agencies.

Raymond James

Andrew Marok

Buy

Maintains

$27 → $18

2025-04-11

Reason

Raymond James

Andrew Marok

Price Target

$27 → $18

2025-04-11

Maintains

Buy

Reason

Raymond James analyst Andrew Marok lowered the firm's price target on Viant to $18 from $27 and keeps an Outperform rating on the shares after hosting meetings with Viant's management earlier this week. The tenor of the discussions was upbeat, and highlighted reasons to believe that Viant can maintain its strong recent execution, despite the recent pessimism seeping into the advertising sector from macro-related uncertainty, the analyst tells investors in a research note. The firm notes that Viant says it is currently not seeing broad impact from macro issues.

Needham

Laura Martin

Strong Buy

Reiterates

$21

2025-04-04

Reason

Needham

Laura Martin

Price Target

$21

2025-04-04

Reiterates

Strong Buy

Reason

Needham

Laura Martin

Strong Buy

Reiterates

$21

2025-04-02

Reason

Needham

Laura Martin

Price Target

$21

2025-04-02

Reiterates

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Viant Technology Inc (DSP.O) is 18.64, compared to its 5-year average forward P/E of 55.71. For a more detailed relative valuation and DCF analysis to assess Viant Technology Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

55.71

Current PE

18.64

Overvalued PE

148.03

Undervalued PE

-36.60

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

-38.86

Current EV/EBITDA

4.24

Overvalued EV/EBITDA

141.04

Undervalued EV/EBITDA

-218.76

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

0.64

Current PS

0.46

Overvalued PS

1.13

Undervalued PS

0.16

Financials

Annual

Quarterly

FY2025Q2

YoY :

+18.20%

77.85M

Total Revenue

FY2025Q2

YoY :

-469.90%

381.00K

Operating Profit

FY2025Q2

YoY :

+20.09%

1.79M

Net Income after Tax

FY2025Q2

0.02

EPS - Diluted

FY2025Q2

YoY :

+66.80%

16.14M

Free Cash Flow

FY2025Q2

YoY :

-1.83%

45.17

Gross Profit Margin - %

FY2025Q2

YoY :

-15.26%

10.22

FCF Margin - %

FY2025Q2

YoY :

+1.77%

2.30

Net Margin - %

FY2025Q2

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

547.1K

USD

3-6

Months

0.0

USD

6-9

Months

1.0M

USD

0-12

Months

2.3M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

0.0

Volume

6-9

Months

0.0

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

0.0

Volume

Months

6-9

0.0

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

547.1K

USD

3-6

Months

0.0

USD

6-9

Months

1.0M

USD

0-12

Months

2.3M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

DSP News & Events

Events Timeline

2025-08-11 (ET)

2025-08-11

16:12:25

Viant sees Q3 revenue $83.5M-$86.5M, consensus $89.77M

2025-08-11

16:11:56

Viant reports Q2 adjusted EPS 9c, consensus 9c

2025-05-06 (ET)

2025-05-06

16:35:09

Viant sees Q2 revenue $77M-$80M, consensus $80M

News

6.0

08-29Benzinga

Astera Labs Analyst Starts Coverage Optimistically; Check Out the Top 3 Initiations for Friday

6.0

08-29CNBC

Key Analyst Recommendations for Friday: Nvidia, Tesla, Dell, Marvell, Oracle, Dollar Tree, Deckers, Ulta, Gap, and Others

Wall Street Analyst Ratings and Insights

Viant Technology Initiation: DA Davidson has initiated coverage of Viant Technology Inc with a BUY rating and a price target of $15, indicating potential for significant growth in the ad tech sector.
Nvidia Outlook: Rothschild & Redburn maintains a BUY rating on Nvidia, emphasizing the company's strong position in data center capital expenditure growth and its competitive advantages.
Dollar Tree Upgrade: Telsey has upgraded Dollar Tree from market perform to outperform, citing improved confidence following the sale of Family Dollar and the expansion of multi-price point products, which is expected to drive multi-year growth.

Company-Specific Performance

Marvell Technology: JPMorgan continues to rate Marvell as overweight, highlighting a favorable setup due to recovery in cyclical businesses and ongoing AI growth.
Dell Technologies: Bank of America describes Dell as an "AI juggernaut," projecting a long-term EPS growth of 15% over the next five years, driven by strong AI server demand.
Affirm's Strong Performance: Bank of America reiterates a BUY rating on Affirm, noting robust performance following its F4Q earnings and a FY26 guidance that exceeded expectations.

New Initiations and Downgrades

Karooooo Initiation: UBS has initiated coverage of Karooooo with a BUY rating, recognizing its attractive risk/reward profile in telematics and fleet management.
Ulta Beauty Rating: JPMorgan maintains an overweight rating on Ulta Beauty, praising its strong earnings performance and upward revision momentum.
Li Auto Downgrade: Bank of America has downgraded Li Auto from buy to neutral, citing concerns over slowing growth and lower sales volume guidance for Q3 2025.

Market Trends and Competitor Analysis

Tesla's Market Challenges: Bank of America has rated Tesla as neutral, reporting a 33.6% year-to-date decline in European registrations and a 40% year-over-year drop in July, indicating a loss of market share to competitors.
Oracle and Deckers Ratings: UBS continues to support Oracle with a BUY rating ahead of its September earnings, while also rating Deckers as a BUY, highlighting its undervalued growth potential.
Marvell Technology Downgrade: Bank of America has downgraded Marvell Technology to neutral from buy, expressing concerns over the lack of confidence in its near-term AI growth prospects.

Retail Sector Insights

Ollie's Bargain Outlet: Goldman Sachs reiterates a BUY rating on Ollie's, citing its strong earnings potential amid supply chain disruptions and advantageous vendor partnerships.
Gap's Investment Potential: JPMorgan encourages investors to buy the dip in Gap, noting a solid foundation under CEO Dickson for improved merchandising and marketing strategies.
Lumentum Holdings Initiation: Citi has initiated coverage on Lumentum Holdings with a BUY rating and a price target of $165, recognizing its strong position in AI optics.

4.0

08-29Benzinga

DA Davidson Begins Coverage of Viant Technology with a Buy Rating and Sets Price Target at $15