Why Analyst Sticks to Bullish View on Viant (DSP) Despite Headwinds

Viant Technology Inc. (NASDAQ:DSP) is one of the best tech stocks under $10 to invest in. On September 11, Tom White, an analyst at D.A. Davidson, reaffirmed a Buy rating on Viant with an unchanged price target of $15.

Notably, White had initiated coverage on Viant on August 28 with a Buy rating and assigned a $15 price target. His note followed the company’s robust Q2 2025 results in early August. The company reported 18% year-over-year growth in revenue to $77.9 million, led by its Connected TV (CTV) business, which continued to be the primary driver of the company’s growth.

Why Analyst Sticks to Bullish View on Viant Despite Headwinds

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Since White’s initiation, the stock has further corrected by 15%, which has taken its year-to-date decline to 55%. This decline was primarily attributable to concerns about the sustainability of its profitable growth, given competition and macroeconomic headwinds affecting the business.

The company has guided Q3 revenue to be in a range of $83.5 million to $86.5 million, representing 6% year-over-year growth. EBITDA is expected to be in the range of $14.0 million to $15.0 million, implying a flat to slight decline year-over-year. This guidance was weaker than street expectations, as the company factored in the loss of a significant advertiser client by the agency partner.

Viant Technology Inc. (NASDAQ:DSP) is an advertising technology company that provides a cloud-based demand-side platform for marketers. Its platform helps brands and agencies plan, buy, and measure digital media across various channels.

While we acknowledge the potential of DSP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DSP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.