Daily Stock Pick: October 28th, 2021

This morning stocks looked to take back some of yesterday’s losses after the Dow and the S&P 500 slipped from record highs.  Stocks have sailed higher on the winds of impressive earnings.  So far this season, of the 40% of S&P companies to report earnings, 80% have topped earnings expectations.  Today, after the bell, we’ll hear from mega-caps Apple (AAPL) and Amazon (AMZN).   

AMZN’s current market cap sits at $1.72 trillion, but in 1997 the company was worth only $438 million.  Apple got its start on Wall Street in 1980, valued at just $1 billion.  Last year Apple was the first U.S. company to cross the $2 trillion mark, and today AAPL has a market capitalization of $2.46 trillion.  Imagine being one of those first, brave investors willing to take a chance on an innovative vision.  

Unfortunately, it’s impossible to rewind the clock, although the time machine is a common fantasy among investors.  Thankfully, there are still plenty of opportunities to get in on small companies with big ideas.   

Some of the most successful names of our time began as speculative small-caps. Today we’re featuring a small-cap that’s snatching up market share in a rapidly growing industry.  This promising company seems to finally have found its footing after its momentous debut in February, which creates an inviting scenario for growth-oriented investors.     

Programmatic advertising, which uses targeting tactics to segment audiences, is rapidly taking market share from traditional ad sales channels, which depend heavily on the “spray and pray” method of digital advertising.  Advertising software company Viant Technology’s (DSP) industry-leading Demand-Side Platform, Adelphic, allows marketers to buy ads across several channels easily.  Major agencies, brands, and large media buyers rely on Adelphic to execute programmatic advertising campaigns across connected TV (CTV), linear TV, desktop, mobile, digital out-of-home (DOOH), digital audio, and more.  With a customer satisfaction rating of 95%, Adelphic boasts the most supply integrations of any single platform across every channel.

DSP recently announced a collaboration with independent mobile platform, Kochava Collective.  The integration of Kochava Collective’s real-world location data within the Adelphic advertising software is intended to upgrade the user experience.  Jon Schulz, DSP’s CMO, said, “Our partnership with Kochava Collective will bolster insights for brands and agencies looking to better understand how their marketing efforts are driving foot traffic, and ultimately, brick-and-mortar sales.”

For its fiscal second quarter, ended June 30, 2021, DSP’s net revenue increased 65.7% year-over-year to $50.41 million.  DSP’s revenue is expected to come in at $241.69 million in its fiscal year 2022, representing a 15.1% year-over-year rise. In addition, the company’s EPS is expected to increase 70.4% year-over-year in the next year.

The analyst community is optimistic about Viant’s potential ahead of the November 9th earnings call.  A 12-month median price target of $25 represents a 117% increase from the last price.  Of 7 analysts offering recommendations for DSP, 5 rate the stock a Buy, and 2 rate it a Hold.  There are no Sell ratings for the stock. 

Where to invest $1,000 right now...

Before you consider buying Viant, you'll want to see this.

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And it's not Viant.

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Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.

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But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.

Click here to find out the name and ticker of Keith's #1 pick...