Viant Technology Inc (DSP) PT Raised to $22 at Canaccord Genuity

Canaccord Genuity analyst Maria Ripps raised the price target on Viant Technology Inc (NASDAQ: DSP) to $22.00 (from $18.00) while maintaining a Buy rating.

The analyst commented: "Viant shares were up ~62% in November. Viant reported strong Q3 results, with revenue, contribution ex-TAC, and adj. EBITDA all ahead of guidance. The company continued to benefit from robust growth in CTV platform spend, and receptivity to ViantAI has been encouraging so far, with the company having received 500 early access sign-ups since the product's debut in mid September, and management expects ViantAI to accelerate its market share gains by improving ROAS and operating efficiencies for larger advertisers and increasing accessibility to programmatic advertising for SMBs. Additionally, Viant announced the acquisition of IRIS.TV, a global CTV content data platform that facilitates enhanced targeting down to the individual video file in a privacy-compliant manner."

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