Viant Technology Inc (DSP) PT Raised to $17.50 at DA Davidson

DA Davidson analyst Tom White raised the price target on Viant Technology Inc (NASDAQ: DSP) to $17.50 (from $16.50) while maintaining a Buy rating.

The analyst commented, "We affirm our BUY on Viant and bump up our ests and price target. 2Q CexT of $60.2M increased 24.5% Y/Y, beating $59.6M cons by 1% and was towards the highend of $58.5M-$60.5M guide. CTV was again the key driver of growth, up nearly 50%. 2Q adj. EBITDA of $14.2M increased 26% Y/Y, with 23.6% margins expanding 30bp Y/Y. The 3Q guide calls for slight growth accel to ~25% at the midpoint (effectively inline w/consensus), while expected 3Q adj. EBITDA of $18.5M-$19.5M compares favorably to $17.8M cons heading into the print."

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