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DA Davidson raises Viant Technology stock price target to $15.50 on strong Q3

Published 11/11/2025, 16:20
DA Davidson raises Viant Technology stock price target to $15.50 on strong Q3
DSP
-0.86%

Investing.com - DA Davidson raised its price target on Viant Technology Inc (NASDAQ:DSP) to $15.50 from $15.00 on Tuesday, while maintaining a Buy rating following the company’s third-quarter 2025 results. The new target represents significant upside from the current price of $10.63, with InvestingPro data showing the stock is trading slightly below its Fair Value.

The digital advertising platform reported quarterly results that exceeded consensus expectations for both revenues and adjusted EBITDA. Viant’s third-quarter contribution ex-TAC (CexT) increased 12% on a reported basis and grew 16% excluding political advertising. This performance aligns with the company’s impressive 22.97% revenue growth over the last twelve months, reaching $324.13 million.

Adjusted EBITDA margins declined 80 basis points year-over-year to 30.2% for the quarter. The company’s fourth-quarter outlook also came in better than forecasted, according to DA Davidson.

The research firm attributed the strong performance to several key drivers, including recent new customer and spending wins, connected TV demand, and a "surge" in digital audio spending.

DA Davidson also highlighted the adoption of Viant’s addressability and artificial intelligence solutions as contributing factors to the company’s positive results and outlook.

In other recent news, Viant Technology Inc. reported its third-quarter earnings for 2025, exceeding Wall Street’s expectations. The company posted an earnings per share (EPS) of $0.06, surpassing the forecasted $0.05, and generated revenue of $85.58 million, significantly higher than the anticipated $52.07 million. This marks a 64.36% revenue surprise, showcasing the company’s strong performance. Additionally, Citizens has adjusted its price target for Viant Technology, lowering it to $16.00 from the previous $18.00, while maintaining a Market Outperform rating. These recent developments reflect positive investor sentiment and analyst confidence in the company’s future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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