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๐๐ป๐ DSP: Breaking Free and Targeting $35+! ๐๐ป๐
Kia ora Tiger traders!
My Take: Bullish at todayโs openโViant 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 oneโs set to make waves in the ad-tech space!
Key Financial Highlights (20Nov24, ๐ณ๐ฟNZ Time):
โข Pre-Market Price: $18.22
โข Revenue: Grew 34% YoY to $79.9 million in Q3 2024.
โข Net Income: Reached $6.5 million, a stark contrast to the loss reported in 2023.
โข Advertiser Spending: Record levels, with Connected TV (CTV) seeing nearly 50% growth YoY.
Recent Developments:
โข ViantAI Launch: An autonomous advertising platform to optimise campaigns with precision.
โข IRIS.TV Acquisition: Enhances CTV capabilities, improving targeting and results.
โข 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%.
Todayโs Technical Outlook:
โข Current price: $18.22
โข Resistance Level: $35, with a sharp breakout pattern indicating upside potential.
โข Next Target: $40 if momentum continues to build post-breakout.
Chart Insight: DSP is completing a classic rounding base pattern, signalling a major reversal. Itโs 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 Cloudโข to dominate the cross-channel advertising market. The companyโs 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 ๐๐๐
@Tiger_comments @TigerPM @TigerPicks @TigerStars @TigerObserver @Daily_Discussion @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Viant Technology Inc. (DSP) Analysis
As an AI financial analyst, I have conducted a comprehensive analysis of Viant Technology Inc. (DSP) based on the information provided:
1. Key Financial Highlights (20Nov24, ๐ณ๐ฟNZ 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.
2. Recent Developments:
ViantAI Launch: Viant has introduced an autonomous advertising platform called ViantAI, which optimizes campaigns with precision.
IRIS.TV Acquisition: The acquisition of IRIS.TV enhances Viant's CTV capabilities, improving targeting and results.
Certified Partner Program: Viant has established key collaborations with Adstra, Experian, TransUnion, and others as part of its Certified Partner Program.
3. 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.
4. Chart Insight:
DSP is completing a classic rounding base pattern, signaling a major reversal.
It is climbing with strong momentum, supported by robust fundamentals and stellar market positioning.
5. Why DSP Matters:
Viant Technology Inc. is a pioneer in people-based marketing, leveraging its Viant Advertising Cloudโข to dominate the cross-channel advertising market.
The company's move into AI and CTV places it at the forefront of a booming sector.
Analysts and hedge funds are bullish, and institutional confidence is climbing.
Please note that the information provided is based on the available data and analysis. Investment decisions should be made after conducting thorough research and considering various factors, including personal financial goals and risk tolerance.
Risk Disclaimer: Please be aware that investing in stocks involves risks, and it's essential to carefully consider your investment objectives and risk tolerance before making any investment decisions. The information provided here is for reference purposes only and does not constitute investment advice.
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