Viant Technology (DSP) Stock Forecast & Price Target

Viant Technology Inc. reported a significant increase in EBITDA of $74.5 million for the year, representing a 34% year-over-year growth and a substantial margin improvement of 220 basis points to 29.1%. The company demonstrated resilience and strong performance despite challenges, with ex-TAC revenue projected to have grown approximately 22% year-over-year, highlighting robust demand in key advertising channels including connected TV, audio, and digital out-of-home. As a result of sustained growth and favorable shifts in expense management, Viant expects to achieve high-teens revenue growth in FY26 and mid-teens growth in FY27, reflecting an optimistic outlook driven by new customer acquisitions and increasing market adoption of its advertising solutions.

Viant Technology Inc. has experienced a decline in EBITDA margins, falling 80 basis points year-over-year to 30.2%, which may indicate challenges in maintaining profitability amid competitive pressures. The company's focus on mid-market clients presents a risk of significant revenue volatility due to potential client losses, particularly in high-spending sectors such as retail and automotive. Additionally, reliance on advertising agencies for client acquisition heightens distribution channel concentration risk, while ongoing technology advancement delays may impact competitive positioning as the market landscape becomes increasingly challenging.