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Added to YB: 2025-09-02

Pitch date: 2025-08-30

DSP [neutral]

Viant Technology Inc.

+13%

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

$10.15

Price Target

28.71 (+146%)

Dividend

N/A

EV/EBITDA

8.91

P/E

99.62

EV/Sales

0.80

Sector

Software

Category

growth

Show full summary:
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)