Viant Technology (DSP) Soars 1.31% to 2025 High on Analyst Buy Rating

Viant Technology (DSP) experienced a slight decline of 0.06% today, but the share price rose to its highest level since March 2025, with an intraday gain of 1.31%.

The strategy of buying DSP shares after they reach a recent high and holding for one week resulted in poor performance over the past five years. The strategy's return was -15.07%, significantly underperforming the benchmark return of 41.02%. With a Sharpe ratio of -0.06 and a maximum drawdown of -86.05%, the strategy also indicated high risk and moderate returns.

On May 9, 2025, Rosenblatt Securities reaffirmed its "buy" rating for Viant Technology and set a price target of $20.00 for its shares. This analyst action could positively influence the stock price, as it indicates confidence in the company's future performance and potential for growth.

On May 10, 2025, Viant Technology announced the appointment of Brett Wilson to its board of directors. This leadership change might impact investor sentiment and the company's strategic direction, as Wilson brings a wealth of experience and expertise to the role. His appointment could signal a new phase of growth and innovation for the company, potentially attracting more investors and driving up the stock price.