Added to YB: 2025-11-25
Pitch date: 2025-11-22
DSP [bullish]
Viant Technology Inc.
+18.46%
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
$9.86
Price Target
18.67 (+60%)
Dividend
N/A
EV/EBITDA
8.91
P/E
99.62
EV/Sales
0.80
Sector
Software
Category
growth
LONG $DSP - 3Q25 ER Update
DSP (earnings): Q3 beat w/ +7% rev, +12% CXT, +9% EBITDA; underlying growth +19% rev/+22% CXT ex-political/merger impacts. CTV at 46% mix, Direct Access driving TAC improvement. Molson Coors 2026 win part of $250M pipeline. AI tools scaling. FY26 inflection w/ political headwinds gone. 1.1x FY26E sales, 6.4x EBITDA. PT $18.67 (+98%).
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