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Key Takeaways From Viant Technology Analyst Ratings

Author: Benzinga Insights | May 20, 2024 08:00am

In the preceding three months, 6 analysts have released ratings for Viant Technology (NASDAQ:DSP), presenting a wide array of perspectives from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 0 1 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 3 0 1 0 0

Analysts have set 12-month price targets for Viant Technology, revealing an average target of $12.0, a high estimate of $14.00, and a low estimate of $10.00. Observing a 41.18% increase, the current average has risen from the previous average price target of $8.50.

price target chart

Breaking Down Analyst Ratings: A Detailed Examination

An in-depth analysis of recent analyst actions unveils how financial experts perceive Viant Technology. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Laura Martin Needham Maintains Buy $12.00 -
Laura Martin Needham Maintains Buy $12.00 -
Lloyd Walmsley UBS Raises Buy $12.00 $8.00
Jason Kreyer Craig-Hallum Raises Buy $14.00 $8.00
Maria Ripps Canaccord Genuity Raises Hold $10.00 $8.00
Laura Martin Needham Raises Buy $12.00 $10.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Viant Technology. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Viant Technology compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Viant Technology's stock. This examination reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Viant Technology's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Viant Technology analyst ratings.

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Unveiling the Story Behind Viant Technology

Viant Technology Inc is an advertising software company. The software enables the programmatic purchase of advertising, which is the electronification of the advertising buying process. Through the technology, a marketer can easily buy ads on desktop, mobile, connected TV, linear TV, streaming audio and digital billboards.

Viant Technology: Financial Performance Dissected

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Viant Technology displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 27.98%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Viant Technology's net margin excels beyond industry benchmarks, reaching -1.77%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Viant Technology's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -1.42%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Viant Technology's ROA stands out, surpassing industry averages. With an impressive ROA of -0.24%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.42, Viant Technology adopts a prudent financial strategy, indicating a balanced approach to debt management.

What Are Analyst Ratings?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: DSP