Viant Technology Inc.

NasdaqGS:DSP Stock Report

Market Cap: US$1.2b

Viant Technology Valuation

Is DSP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DSP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DSP ($18.72) is trading below our estimate of fair value ($94.23)

Significantly Below Fair Value: DSP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DSP?

Key metric: As DSP is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DSP. This is calculated by dividing DSP's market cap by their current revenue.
What is DSP's PS Ratio?
PS Ratio1.1x
SalesUS$263.59m
Market CapUS$1.18b

Price to Sales Ratio vs Peers

How does DSP's PS Ratio compare to its peers?

The above table shows the PS ratio for DSP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.7x
PRO PROS Holdings
3.5x9.7%US$1.1b
YEXT Yext
2.7x5.4%US$1.1b
ETWO E2open Parent Holdings
1.5x3.6%US$1.0b
SPNS Sapiens International
2.9x4.2%US$1.5b
DSP Viant Technology
1.1x11.2%US$1.2b

Price-To-Sales vs Peers: DSP is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

How does DSP's PS Ratio compare vs other companies in the US Software Industry?

80 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-23.2%US$2.12b
PGY Pagaya Technologies
0.7x15.8%US$704.88m
EGHT 8x8
0.6x1.1%US$397.21m
XPER Xperi
0.8x1.8%US$390.47m
DSP 1.1xIndustry Avg. 5.3xNo. of Companies80PS048121620+
80 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DSP is good value based on its Price-To-Sales Ratio (1.1x) compared to the US Software industry average (5.3x).

Price to Sales Ratio vs Fair Ratio

What is DSP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DSP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: DSP is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DSP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$18.72
US$18.50
-1.2%
8.7%US$22.00US$17.00n/a6
Nov ’25US$11.52
US$12.83
+11.4%
7.0%US$14.00US$12.00n/a6
Oct ’25US$10.80
US$12.50
+15.7%
8.9%US$14.00US$11.00n/a6
Sep ’25US$11.13
US$12.50
+12.3%
8.9%US$14.00US$11.00n/a6
Aug ’25US$11.44
US$12.50
+9.3%
8.9%US$14.00US$11.00n/a6
Jul ’25US$10.37
US$12.17
+17.3%
7.4%US$14.00US$11.00n/a6
Jun ’25US$9.51
US$12.17
+27.9%
7.4%US$14.00US$11.00n/a6
May ’25US$8.13
US$12.17
+49.7%
7.4%US$14.00US$11.00n/a6
Apr ’25US$10.80
US$12.17
+12.7%
7.4%US$14.00US$11.00n/a6
Mar ’25US$9.06
US$8.50
-6.2%
13.2%US$10.00US$7.00n/a6
Feb ’25US$8.93
US$8.50
-4.8%
13.2%US$10.00US$7.00n/a6
Jan ’25US$6.89
US$7.42
+7.6%
6.1%US$8.00US$7.00n/a6
Dec ’24US$6.43
US$7.42
+15.3%
6.1%US$8.00US$7.00n/a6
Nov ’24US$5.12
US$7.25
+41.6%
5.3%US$8.00US$7.00US$11.526
Oct ’24US$5.60
US$7.30
+30.4%
10.3%US$8.00US$6.00US$10.805
Sep ’24US$6.72
US$7.30
+8.6%
10.3%US$8.00US$6.00US$11.135
Aug ’24US$4.67
US$6.10
+30.6%
13.1%US$7.50US$5.00US$11.445
Jul ’24US$4.61
US$6.10
+32.3%
13.1%US$7.50US$5.00US$10.375
Jun ’24US$4.56
US$6.00
+31.6%
12.7%US$7.50US$5.00US$9.516
May ’24US$4.11
US$5.92
+44.0%
14.2%US$7.50US$5.00US$8.136
Apr ’24US$4.35
US$5.92
+36.0%
14.2%US$7.50US$5.00US$10.806
Mar ’24US$3.93
US$6.42
+63.3%
9.5%US$7.50US$6.00US$9.066
Feb ’24US$4.46
US$6.42
+43.9%
9.5%US$7.50US$6.00US$8.936
Jan ’24US$4.02
US$6.42
+59.6%
9.5%US$7.50US$6.00US$6.896
Dec ’23US$3.84
US$6.42
+67.1%
9.5%US$7.50US$6.00US$6.436
Nov ’23US$4.67
US$9.25
+98.1%
33.3%US$16.00US$7.00US$5.126

Analyst Forecast: Target price is lower than the current share price.

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