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Today: Jun 12, 2024

Viant Technology Inc.: Shares soar, but growth still lacking

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Viant Technology Inc. (NASDAQ:DSP) has seen a 28% increase in its share price over the past month, bringing its annual gain to an impressive 88%. Despite this strong performance, the company’s price-to-sales (P/S) ratio of 0.6x suggests that it may still be undervalued compared to its industry peers. However, the low P/S ratio could be due to the company’s declining revenue, which has not been keeping up with other companies in the industry. In the past year, Viant Technology’s revenue decreased by 5.5%, but it still managed to grow revenue by 33% over the past three years. Analysts predict that the company’s revenue will grow by 11% each year over the next three years, which is lower than the 17% growth expected for the industry as a whole. This could be why investors are not willing to pay a higher price for the stock. Overall, Viant Technology’s low P/S ratio suggests that investors are pessimistic about the company’s revenue prospects and unless conditions improve, the stock price may continue to be held back.