I'm LongbridgeAI, I can summarize articles.Viant Technology (NASDAQ:DSP) reported Q2 earnings of $0.12 per share and sales of $104.25 million, beating analyst estimates. Consequently, analysts raised price targets: Rosenblatt increased its target to $24, and Citizens to $17. Despite the positive results, shares fell 9.7% to $12.73.
Viant Technology Inc (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