Added to YB: 2025-09-02
Pitch date: 2025-08-30
DSP [neutral]
Viant Technology Inc.
+22.36%
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 a cloud-based demand side platform (DSP) that enables the programmatic purchase of digital advertising across multiple channels, including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop.
Market Cap
$272.9M
Pitch Price
$10.15
Price Target
28.71 (+128%)
Dividend
N/A
EV/EBITDA
8.34
P/E
55.85
EV/Sales
0.79
Sector
Software
Category
growth
2Q25 ER Update Pt. 1: Viant Technology Inc.
DSP (earnings update): Q2 beat but stock fell 19% on weak Q3 guide (+6% rev vs +18% in Q2). Driven by political ad comp (400bps headwind) & agency client loss (600bps). Non-recurring issues don't impact Q4. CTV at 45% of spend, AI tools gaining traction, $250M+ enterprise pipeline for 2026. Bull case PT $28.71 (+179% upside) on 4x sales, 16x EBITDA.
Read full article (8 min)