Viant Technology (DSP) Stock Forecast & Price Target

Viant Technology Inc. demonstrated strong financial performance with an EBITDA of $74.5 million, marking a 34% year-over-year increase and a significant rise in margin to 29.1%. The company’s contribution ex-TAC (CXT) also showed a robust 12% year-over-year increase, reflecting high demand in growth sectors such as connected TV, digital audio, and digital out-of-home, which collectively accounted for 56% of sales in 3Q25. Looking ahead, projections indicate high-teens revenue growth and enhanced EBITDA margins for FY26 and FY27, bolstered by new customer acquisitions and increased spending in the digital advertising landscape.

Viant Technology Inc. has experienced a decline in EBITDA margins, which decreased by 80 basis points year-over-year to 30.2%, indicating potential challenges in maintaining profitability. The company's heavy reliance on advertising agencies for client acquisition creates distribution channel concentration risk, which could lead to significant revenue volatility if relationships deteriorate or if large clients from high-spending sectors are lost. Additionally, increased competitive pressure demands continuous technological advancements, and any delays in product rollouts or underperformance could jeopardize Viant's market positioning, pricing power, and client attraction efforts.