Viant Technology: Attractive Price Level With Decent Upside Potential [Seeking Alpha]
Viant Technology Inc. - common stock (DSP)
Company Research
Source: Seeking Alpha
The stock performance of Viant has been lackluster, but it has gained some momentum YTD with a 58% return. Viant should continue to benefit from the cookieless future in advertising, driving demand for its first-party data advertising platform, in my view. Viant ( NASDAQ: DSP ) is a people-based technology advertising company developing a platform for marketers to use first-party data for customer targeting. Share performance has been lackluster. Having gone public at a price of $65.5 in 2021, DSP trended down sharply for the rest of the year, before moving sideways between $4 - $5 until the end of last year. Though the stock seems to have gained some momentum YTD with the stock seeing 58% return so far, DSP still has lost over 84% of its value since going public. Today, DSP trades at $10.2. I initiate my coverage with a buy rating. My 1-year price target of $13.2 presents a 29% upside from the current price of $10.2. Financial Reviews Fundamentals are average but improvi
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DSP
News
- NBPE Announces Audited 2023 Results and 31 March 2024 Est. NAV [Yahoo! Finance]Yahoo! Finance
- An Intrinsic Calculation For Viant Technology Inc. (NASDAQ:DSP) Suggests It's 42% Undervalued [Yahoo! Finance]Yahoo! Finance
- Is Viant Technology (DSP) Stock Outpacing Its Business Services Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Viant Announces Date of First Quarter 2024 Financial Results and Conference CallBusiness Wire
- Global Medical Metal Tubing Market to Reach $1,161.9 Million, by 2030 at 7.4% CAGR: Coherent Market Insights [Yahoo! Finance]Yahoo! Finance
DSP
Earnings
- 3/4/24 - Beat
DSP
Sec Filings
- 4/24/24 - Form EFFECT
- 4/8/24 - Form S-3/A
- 3/22/24 - Form S-3
- DSP's page on the SEC website