Viant Technology (DSP) Stock Forecast & Price Target

Viant Technology reported a year-over-year revenue increase of 18% in Q2 2025, reaching $77.9 million, alongside a contribution exTAC growth of 16% to $48.4 million, signaling robust operational performance. The company is experiencing heightened interest from large marketers, which may significantly enhance growth prospects for 2026, with potential additional revenue from winning a third of new opportunities translating to approximately a 5% uplift in contribution exTAC. Furthermore, Viant's EBITDA also grew by 18% to $11.3 million, positioning it within the upper half of its guidance range and aligning closely with market expectations, underscoring its financial stability.

Viant Technology Inc. has provided disappointing guidance for 3Q25, with projected revenue growth of only 4.5% to 8.2%, which is significantly below analyst expectations, reflecting a substantial deceleration in business performance. The company faces additional challenges, including a 300 basis points drop in clients due to tariffs and the loss of a major client from the theme park sector, resulting in a 600 basis points revenue headwind. Moreover, the potential slowdown in advertising spending correlated with macroeconomic trends raises concerns about Viant's revenue stability and overall financial health.