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Added to YB: 2025-07-02

Pitch date: 2025-06-30

DSP [bullish]

Viant Technology Inc.

-12.64%

current return

Author Info

P14 Capital is a former buy-side research analyst who uncovers undervalued opportunities in SMID-cap equities. Long-biased and generalist. Sign up for the newsletter.

Company Info

Viant Technology Inc. operates as an advertising technology company. It provides ViantAI, an artificial intelligence product suite; Holistic, Omnichannel DSP, an integrated platform that manages omnichannel campaigns and access metrics; Household ID, which combines digital and personal identifiers into a normalized household profile; IRIS_ID, a content identifier that allows partners to share video-level data to power planning, targeting, and measurement solutions in ad-supported streaming media; and Viant Data Platform, which offers the ability to integrate first-party data with data from top third-party data providers in order to obtain key insights, reporting, and attribution opportunities.

Market Cap

$163.6M

Pitch Price

$13.13

Price Target

37.16 (+218%)

Dividend

N/A

EV/EBITDA

8.91

P/E

99.62

EV/Sales

0.80

Sector

Software

Category

growth

Show full summary:
LONG $DSP - Viant Technology Inc.

DSP: CTV-focused DSP riding SMB adtech shift. Viant's patented Household ID & AI tools outperforming in cookie-less world. 2.2x EV/Sales despite 31% Y/Y growth, 14.2x EV/EBITDA with 43.6% Y/Y growth. Direct Access program boosts ROAS, Netflix integration coming. Base case: $21.39 PT (+61%) on 20% revenue CAGR, 725bps margin expansion by FY27.

Read full article (21 min)