Benzinga | Sep 27, 2021 08:45AM EDT

This Analyst Sees 42% Upside In Viant Tech After Upgrade - Read Why

* JMP Securities analyst Andrew Boone upgraded Viant Technology Inc (NASDAQ:DSP) to Outperform from Market Perform with an $18 price target, implying a 41.9% upside.

* Viant has several upcoming catalysts as its new software platform, World Without Cookies, generally becomes available. Its sales force investments continue to drive customer additions, and Covid-impacted verticals, like travel and auto, rebound, Boone noted.

* Boone added that the shares are down 49% from the February initial public offering price, which improves the risk/reward in shares.

* Price Action: DSP shares traded higher by 4.45% at $13.25 in the premarket session on the last check Monday.