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Investing.com - Citizens lowered its price target on Viant Technology Inc (NASDAQ:DSP) to $16.00 from $18.00 while maintaining a Market Outperform rating. This comes despite InvestingPro data showing the company’s revenue grew nearly 23% over the last twelve months.
Viant Technology shares rose 10% in after-hours trading to $9.59, representing a multiple of 5.0x 2027E EBITDA. The stock currently trades at $8.74, significantly below its 52-week high of $26.33, with InvestingPro analysis suggesting the company is undervalued based on its Fair Value assessment.
The revised price target is based on approximately 10x 2027E EBITDA of $86.2 million, reflecting a 30.4% margin, which represents a discount compared to industry peers.
Citizens attributed the lower price target multiple to recent multiple reductions observed across AdTech peer companies.
The firm justified its continued Market Outperform rating by citing several factors including the size of the digital advertising market (exceeding $600 billion), Viant’s product catalyst around new AI tools, accelerating growth, and expanding margins.
In other recent news, Viant Technology Inc. reported its third-quarter earnings for 2025, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $0.06, which surpassed the forecast of $0.05 by 20%. Revenue reached $85.58 million, significantly outpacing the anticipated $52.07 million, marking a 64.36% surprise. These results highlight Viant Technology’s strong performance in the recent quarter. The company’s ability to exceed both earnings and revenue expectations may attract further attention from investors. Analysts have not provided any recent upgrades or downgrades for Viant Technology. No new mergers or other significant company news have been reported at this time. These developments reflect the latest updates regarding Viant Technology’s financial performance.
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