Viant Technology (DSP) Stock Forecast & Price Target

Viant Technology Inc. reported a year-over-year revenue growth of 18%, reaching $77.9 million in the second quarter of 2025, alongside a contribution exTAC (CXT) growth of 16% to $48.4 million. The company is experiencing increased interest from large marketers, which could significantly enhance its performance in 2026, potentially leading to a 5% lift in CXT if it captures a third of these new opportunities. Additionally, Viant achieved an 18% increase in EBITDA, totaling $11.3 million, reflecting strong financial performance within its guidance range.

Viant Technology Inc. has issued a disappointing guidance for 3Q25, projecting revenue growth of only 4.5% to 8.2% and EBITDA margins indicating potential losses, which are significantly below prior forecasts, highlighting a meaningful deceleration in growth. The company is facing headwinds from a notable client loss tied to a merger, resulting in an estimated 600 basis points of revenue loss, as well as ongoing challenges from a 300 basis point drop-off related to tariffs. Furthermore, the uncertainty in advertising spend due to the macroeconomic environment exacerbates the risk to Viant’s revenue, especially if the effectiveness of its differentiated advertising approach diminishes with the evolving dynamics of the AdTech industry.