Added to YB: 2025-07-02
Pitch date: 2025-06-30
DSP [bullish]
Viant Technology Inc.
-5.41%
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
$13.13
Price Target
37.16 (+195%)
Dividend
N/A
EV/EBITDA
8.34
P/E
55.85
EV/Sales
0.79
Sector
Software
Category
growth
LONG $DSP - Viant Technology Inc.
DSP: CTV-focused DSP riding SMB adtech shift. Viant's patented Household ID & AI tools outperforming in cookie-less world. 2.2x EV/Sales despite 31% Y/Y growth, 14.2x EV/EBITDA with 43.6% Y/Y growth. Direct Access program boosts ROAS, Netflix integration coming. Base case: $21.39 PT (+61%) on 20% revenue CAGR, 725bps margin expansion by FY27.
Read full article (21 min)