Hen Solo
11-21 09:52

Great article, would you like to share it?

@Barcode$Viant Technology Inc.(DSP)$ 📈 🔺🅱️🆄🅻🅻🅸🆂🅷🔺📈 📈💻📈 DSP: Breaking Free and Targeting $35+! 📈💻📈 Kia ora Tiger traders! My Take: Bullish at today’s open—Viant Technology Inc. (NASDAQ: DSP) is out of the doom loop and rocketing towards an initial target of $35+. With its groundbreaking advertising platform and stellar Q3 performance, this one’s set to make waves in the ad-tech space! Key Financial Highlights (20Nov24, 🇳🇿NZ Time): • Pre-Market Price: $18.22 • Revenue: Grew 34% YoY to $79.9 million in Q3 2024. • Net Income: Reached $6.5 million, a stark contrast to the loss reported in 2023. • Advertiser Spending: Record levels, with Connected TV (CTV) seeing nearly 50% growth YoY. Recent Developments: • ViantAI Launch: An autonomous advertising platform to optimise campaigns with precision. • IRIS.TV Acquisition: Enhances CTV capabilities, improving targeting and results. • Certified Partner Program: Featuring key collaborations with Adstra, Experian, TransUnion, and others. CTV campaigns now achieving a 12.89% conversion rate, smashing non-CTV campaigns at 2.5%. Today’s Technical Outlook: • Current price: $18.22 • Resistance Level: $35, with a sharp breakout pattern indicating upside potential. • Next Target: $40 if momentum continues to build post-breakout. Chart Insight: DSP is completing a classic rounding base pattern, signalling a major reversal. It’s climbing with gusto, supported by robust fundamentals and stellar market positioning. Why DSP Matters: DSP is a pioneer in people-based marketing, leveraging its Viant Advertising Cloud™ to dominate the cross-channel advertising market. The company’s bold move into AI and CTV places it at the forefront of a booming sector. Analysts and hedge funds alike are bullish, with institutional confidence climbing. Happy trading ahead. Cheers, BC 🍀🍀🍀 @Tiger_comments @TigerPM @TigerPicks @TigerStars @TigerObserver @Daily_Discussion @TigerGPT
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