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Stock impact report

Viant Technology: Sell-Off Driven By Temporary Headwinds; Long-Term Thesis Remains Intact [Seeking Alpha]

Viant Technology Inc. - common stock (DSP) 
Company Research Source: Seeking Alpha
The headwinds in Q3 appear to be temporary, relating to the lack of political spending and the loss of a client at an agency partner. Underlying growth remains close to 20%, driven by the company's broad exposure to the CTV market. I expect 20% growth in Contribution ex-TAC for next year, with shares valued at just 8 times next year's FCF. While competition remains a key risk, I am maintaining my Buy rating. Luis Alvarez/DigitalVision via Getty Images Shares of Viant ( NASDAQ: DSP ) have declined by over 30% since Q2 results were released. A couple of temporary headwinds have caused the growth expectations for Q3 to decelerate significantly. A key risk has emerged, similar to what its larger competitor, The Trade Desk ( This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of DSP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving c Show less Read more
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