Added to YB: 2025-11-25
Pitch date: 2025-11-22
DSP [bullish]
Viant Technology Inc.
+25.96%
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
$9.86
Price Target
18.67 (+48%)
Dividend
N/A
EV/EBITDA
8.34
P/E
55.85
EV/Sales
0.79
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%).
Read full article (9 min)