Viant Technology's modeled fair value price target has been raised from $17.77 to $19.32 per share following its second-quarter results and third-quarter guidance. Several firms, including Raymond James, UBS, DA Davidson and Rosenblatt, increased their price targets on the stock, with Rosenblatt setting a $24 target and Citizens JMP a $17 target. The company reported nearly 50% year-over-year growth in connected TV, and analysts cited traction in products such as Household ID, Iris_ID and TVision as key differentiators. The fair value model also revised revenue growth assumptions down to 17.57% from 18.86%, while raising the net profit margin assumption to 9.80% from 6.40% and lowering the future P/E multiple to 10.0x from 14.0x.
Viant Technology IncPrice target raised to $19.32 after Q2 results and guidance, with multiple firms increasing targets.
Raymond James Financial Inc.