Viant Technology Analysts Boost Their Forecasts Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Viant Technology (NASDAQ:DSP) exceeded Q4 adjusted earnings expectations and provided Q1 revenue guidance above estimates. Despite missing Q4 sales estimates, the company's adjusted earnings were 14 cents per share against expected losses. Q1 revenue is forecasted between $49 million to $52 million, surpassing the $48.224 million estimate. The company's focus on cookie-free advertising solutions and AI product suite has driven growth. Following the report, Viant's shares rose 1.3%, and analysts from Needham and Canaccord Genuity adjusted their price targets upwards.
March 05, 2024 | 1:05 pm
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Viant Technology reported higher-than-expected Q4 earnings and optimistic Q1 revenue guidance, leading to a 1.3% stock increase and upgraded analyst price targets.
Viant Technology's better-than-expected earnings and positive revenue guidance indicate strong business performance and growth prospects. This has led to a positive market reaction, reflected in the stock's price increase. Analysts' upgraded price targets further validate the company's positive outlook, likely contributing to investor optimism and potential short-term price appreciation.
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