Summary

• Viant Technology (DSP) gained 18% since last featured on 12/9 and 17.20% since Trend Seeker's buy signal on 1/24, showing strong momentum.

• The company offers advanced advertising solutions, including AI Bid Optimizer and Viant Data Platform, targeting programmatic advertising purchasers and agencies.

• Barchart's technical indicators show 100% buy signals, with DSP above its 20, 50, and 100-day moving averages, and a 38.84% gain in the last month.

• Analysts are bullish with 5 strong buy ratings, expecting revenue to grow 27.02% this year and earnings to increase 85.58%.

DSP Update:  Last featured on 12/9 at $20.35.  Gained 18% since then.

The Chart of the Day belongs to the advertising software company Viant Technology (DSP) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/24 the stock gained 17.20%.

DSP Price vs Daily Moving Averages:

DSP (Barchart)

Viant Technology Inc. operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform. The company also offers Holistic, an omnichannel DSP for marketers and their agencies to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; Viant Identity Graph, which reduces or eliminates the need for cookies by enabling matching of people-based identifiers that anchor digital identifiers that allows marketers to reach targeted consumers in a privacy-conscious manner; and Direct Access, a path optimization program. In addition, it provides campaign analysis and data intelligence tool that empowers customers with differentiated insights, including conversion lift, multi-touch attribution, foot-traffic data reports, digital-out-of-home lift, sales reporting, and ROAS analytics; and self-service platform that provides customers with transparency and control over their advertising campaigns and underlying data infrastructure. The company sells its platform through a direct sales team focused on business development in various markets. It serves purchasers of programmatic advertising inventory; and large, independent, and mid-market advertising agencies, as well as marketers. The company was founded in 1999 and is headquartered in Irvine, California. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 205.11+ Weighted Alpha
• 174.07% gain in the last year
• 1.00 - 60 month Beta
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 38.84% in the last month
• Relative Strength Index 69.70%
• Technical support level at $24.43
• Recently traded at $24.05 with 50 day moving average of $20.32

Fundamental Factors:

• Market Cap $1.57 billion
• Revenue expected to grow 27.02% this year and another 12.92% next year
• Earnings estimated to increase 85.58% this year and an additional 18.82% next year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 5 strong buy, and 2 buy opinions on the stock
• Their price targets between $18 and $30
• Value Line rates the stock above average
• CFRAs MarketScope rates the stock a strong buy

• MorningStar thinks the stock is 37% over valued

• 3,630 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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