Canaccord Genuity Group Raises Viant Technology (NASDAQ:DSP) Price Target to $10.00

Viant Technology (NASDAQ:DSPFree Report) had its target price hoisted by Canaccord Genuity Group from $8.00 to $10.00 in a report issued on Tuesday morning, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

A number of other equities analysts have also issued reports on the company. Needham & Company LLC raised their price target on Viant Technology from $10.00 to $12.00 and gave the stock a buy rating in a report on Tuesday. Raymond James raised their price target on Viant Technology from $7.00 to $10.00 and gave the stock an outperform rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viant Technology has an average rating of Moderate Buy and a consensus target price of $10.83.

View Our Latest Stock Analysis on Viant Technology

Viant Technology Stock Down 2.3 %

NASDAQ DSP opened at $10.13 on Tuesday. Viant Technology has a 52-week low of $3.75 and a 52-week high of $10.90. The business’s 50-day moving average price is $8.18 and its 200 day moving average price is $6.78. The firm has a market cap of $634.34 million, a P/E ratio of -44.04 and a beta of 0.59.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds have recently added to or reduced their stakes in the company. UBS Group AG raised its position in shares of Viant Technology by 179.2% during the 1st quarter. UBS Group AG now owns 6,215 shares of the company’s stock worth $27,000 after purchasing an additional 3,989 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Viant Technology by 112.3% during the 2nd quarter. Wells Fargo & Company MN now owns 6,116 shares of the company’s stock worth $28,000 after purchasing an additional 3,235 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Viant Technology by 275.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,340 shares of the company’s stock worth $29,000 after acquiring an additional 4,651 shares during the period. Royal Bank of Canada grew its stake in Viant Technology by 91.4% in the 2nd quarter. Royal Bank of Canada now owns 6,386 shares of the company’s stock worth $29,000 after acquiring an additional 3,050 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in Viant Technology by 252.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock worth $36,000 after acquiring an additional 1,808 shares during the period. Institutional investors and hedge funds own 11.79% of the company’s stock.

About Viant Technology

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Viant Technology Inc operates as an advertising technology company. It provides Adelphic, a cloud-based demand side platform (DSP) that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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