Viant Technology shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and issued Q1 revenue guidance above estimates. Also, Needham and Canaccord Genuity raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Viant Technology's shares surged following its report of higher-than-expected Q4 adjusted EPS results and optimistic Q1 revenue guidance. Additionally, Needham and Canaccord Genuity increased their price targets for the stock.
March 05, 2024 | 12:52 pm
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Viant Technology, trading under the symbol DSP, reported higher-than-expected Q4 adjusted EPS and issued positive Q1 revenue guidance. Needham and Canaccord Genuity raised their price targets on DSP.
The positive earnings report and optimistic revenue guidance for Q1 indicate strong financial health and operational success, likely leading to increased investor confidence and demand for DSP shares. The upgrades by Needham and Canaccord Genuity further validate the stock's potential, making a positive short-term price movement highly probable.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100