Raymond James analyst Andrew Marok lowered the firm’s price target on Viant (DSP) to $18 from $27 and keeps an Outperform rating on the shares after hosting meetings with Viant’s management earlier this week. The tenor of the discussions was upbeat, and highlighted reasons to believe that Viant can maintain its strong recent execution, despite the recent pessimism seeping into the advertising sector from macro-related uncertainty, the analyst tells investors in a research note. The firm notes that Viant says it is currently not seeing broad impact from macro issues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DSP:
- Viant Technology: Strong Market Position and Growth Potential Drive Buy Rating
- Viant Technology’s Reliance on AI: Navigating Risks and Market Challenges
- Viant Technology’s Earnings Call Highlights Strong Growth
- Viant price target lowered to $27 from $30 at Raymond James
- Viant Technology Reports Record Financial Growth in 2024