Raymond James analyst Andrew Marok has adjusted his outlook on Viant Technology Inc. (DSP, Financial), reducing the price target for the company's shares from $27 to $18. Despite this reduction, he maintains an Outperform rating on the stock following discussions with Viant's leadership earlier this week.
During the meetings, Viant's management conveyed an optimistic perspective, emphasizing their ability to sustain solid performance. This comes even as the broader advertising industry faces macroeconomic uncertainties that have caused some apprehension among investors.
According to Marok's research note, Viant has not observed significant disruptions stemming from these broader economic factors. This insight supports the continued positive outlook for the company's future execution and operational stability within the volatile market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Viant Technology Inc (DSP, Financial) is $22.57 with a high estimate of $27.00 and a low estimate of $18.00. The average target implies an upside of 70.22% from the current price of $13.26. More detailed estimate data can be found on the Viant Technology Inc (DSP) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Viant Technology Inc's (DSP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Viant Technology Inc (DSP, Financial) in one year is $8.57, suggesting a downside of 35.37% from the current price of $13.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Viant Technology Inc (DSP) Summary page.
