Viant price target raised to $18 from $12 at Needham

Needham raised the firm’s price target on Viant (DSP) to $18 from $12 and keeps a Buy rating on the shares after its “strong” Q3 results. The firm cites the company’s new client wins driving fixed revenue growth to 56%, the analyst tells investors in a research note, adding that the most interesting aspect of the quarter is that Viant is winning clients from Trade Desk (TTD).