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Viant price target raised to $16.50 from $16 at DA Davidson

DA Davidson raised the firm’s price target on Viant (DSP) to $16.50 from $16 and keeps a Buy rating on the shares. The company reported solid Q1 results with CexT slightly ahead of consensus estimates, the analyst tells investors in a research note. The firm further notes Viant’s underlying growth drivers for this year remaining largely the same – strong underlying advertiser demand for CTV ads and expanding use of the company’s competitively novel AI-powered product suite.

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