These Analysts Boost Their Forecasts On Viant Technology After Strong Q2 Results

Viant Technology In c (NASDAQ: DSP ) on Monday posted better-than-expected earnings for the second quarter.

The company reported quarterly earnings of 12 cents per share which beat the analyst consensus estimate of 4 cents per share.

The company reported quarterly sales of $104.254 million which beat the analyst consensus estimate of $100.013 million.

Viant Technology said it sees third-quarter sales of $107.500 million-$110.500 million, versus market estimates of $109.795 million. “Viant delivered record second-quarter results, exceeding the high end of our guidance range across both top and bottom lines,” said Tim Vanderhook, Co-Founder and CEO of Viant.

Viant Technology shares fell 9.7% to trade at $12.73 on Tuesday.

These analysts made changes to their price targets on Viant Technology following earnings announcement.

Rosenblatt analyst Barton Crockett maintained the stock with a Buy and raised the price target from $20 to $24.

Citizens analyst Brianna Diaz maintained the stock with a Market Outperform and raised the price target from $16 to $17.

Considering buying DSP stock? Here’s what analysts think: Photo via Shutterstock