Viant price target lowered to $27 from $30 at Raymond James

Raymond James lowered the firm’s price target on Viant (DSP) to $27 from $30 and keeps an Outperform rating on the shares. Viant’s Q4 report surpassed expectations, with solid trends across many key verticals, and guidance for Q1 was in line with the firm’s above-consensus forecast, the analyst tells investors in a research note. Viant’s results were solid in a quarter that has seen many players in the industry stumble, and the down move in the after-market is “confusing,” the firm says, adding that if it continues into trading hours, Raymond James would view it as a buying opportunity.