Viant Technology: Raymond James Keeps Strong Buy Rating, PT Lowered to $19

Viant Technology: Raymond James Keeps Strong Buy Rating, PT Lowered to $19

Raymond James has maintained its Strong Buy rating on Viant Technology Inc (NASDAQ:DSP) but has lowered its price target to $19.00 from $20.00 following the company’s second-quarter 2025 results [2]. The stock has experienced significant pressure, declining over 53% in the past six months, though analysis suggests the company is currently undervalued [2]. Despite these challenges, Viant Technology reported impressive second-quarter earnings for 2025, significantly exceeding analyst expectations with an 800% earnings per share (EPS) surprise [2].

The firm noted that Viant delivered solid Q2 performance, but issued third-quarter guidance slightly below expectations. Raymond James attributed the guidance shortfall to a specific situation where one of Viant’s agency customers lost a key client with significant third-quarter spending, creating approximately a 600 basis point headwind to contribution ex-TAC growth [2]. Despite these challenges, InvestingPro data shows the company maintains strong financial health with a current ratio of 2.71 and impressive revenue growth of 30.64% over the last twelve months [2].

Connected TV (CTV) continues to expand as a portion of Viant’s business, now representing 45% of total spend [2]. The company’s artificial intelligence product is progressing through development stages, with the final stage expected to complete by the end of 2025 [2]. Raymond James highlighted that Viant’s AI product is attracting interest beyond the company’s traditional mid-market focus, potentially opening up hundreds of millions in incremental spending opportunities from larger advertisers, with future applications for smaller advertisers as well [2].

Despite the price target reduction, Raymond James continues to rank Viant as one of the top innovators in its adtech coverage universe, citing a strong future setup for the company [2].

References:
[1] https://www.investing.com/news/analyst-ratings/viant-technology-stock-price-target-lowered-to-18-at-jmp-on-agency-loss-93CH-4184787
[2] https://au.investing.com/news/analyst-ratings/viant-technology-stock-price-target-lowered-to-19-at-raymond-james-93CH-3972493
[3] https://stockinvest.us/stock/DSP
[4] https://uk.investing.com/news/analyst-ratings/viant-technology-stock-price-target-lowered-to-19-at-raymond-james-93CH-4214389