Viant price target raised to $7 from $6 at JMP Securities

JMP Securities analyst Andrew Boone raised the firm’s price target on Viant to $7 from $6 and keeps an Outperform rating on the shares following the Q2 results. With the company reaching 20% EBITDA margins in Q2 and highlighting further margin expansion in 2024, Viant hit an inflection point in profitability in Q2 as the ad market stabilized, the analyst tells investors in a research note.