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Investing.com - Raymond (NSE:RYMD) James lowered its price target on Viant Technology Inc (NASDAQ:DSP) to $19.00 from $20.00 on Tuesday, while maintaining a Strong Buy rating following the company’s second-quarter 2025 results. According to InvestingPro data, the stock has experienced significant pressure, declining over 53% in the past six months, though analysis suggests the company is currently undervalued.
The firm noted that Viant delivered solid Q2 performance, but issued third-quarter guidance slightly below expectations. Raymond James attributed the guidance shortfall to a specific situation where one of Viant’s agency customers lost a key client with significant third-quarter spending, creating approximately a 600 basis point headwind to contribution ex-TAC growth. Despite these challenges, InvestingPro data shows the company maintains strong financial health with a current ratio of 2.71 and impressive revenue growth of 30.64% over the last twelve months.
Connected TV (CTV) continues to expand as a portion of Viant’s business, now representing 45% of total spend, according to the research note. The company’s artificial intelligence product is progressing through development stages, with the final stage expected to complete by the end of 2025.
Raymond James highlighted that Viant’s AI product is attracting interest beyond the company’s traditional mid-market focus, potentially opening up hundreds of millions in incremental spending opportunities from larger advertisers, with future applications for smaller advertisers as well.
Despite the price target reduction, Raymond James continues to rank Viant as one of the top innovators in its adtech coverage universe, citing a strong future setup for the company.
In other recent news, Viant Technology Inc. reported impressive second-quarter earnings for 2025, significantly exceeding analyst expectations. The company delivered an 800% earnings per share (EPS) surprise, which greatly surpassed forecasts. Additionally, Viant’s revenue also came in above expectations, marking a strong performance for the quarter. Despite this positive financial report, the company’s stock experienced a decline during regular trading hours, although it saw a slight increase in after-hours trading. These developments highlight Viant’s robust financial results and their impact on investor sentiment.
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