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
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)