Investment Review №340. The Bombshell Effect

Viant Technology (DSP) is an independent digital advertising technology company offering a proprietary, cloud-based platform for automated ad placement with a focus on connected TV (CTV). The investment thesis centers on the ongoing shift of ad budgets from linear TV to digital channels, while Viant’s Household ID and IRIS_ID solutions enable more precise targeting and efficiency measurement as third-party cookies are gradually abandoned. Additional catalysts include the ViantAI platform, which automates advertisement planning and buying, and the partnership with Molson Coors, that is expected to begin meaningfully contributing to revenue as TV budgets migrate to digital video. Taken together, Viant stock offers exposure to the structural growth of digital video advertising and the rise of independent ad tech.

Freedom Broker analysts assign a 12-month fair price target of $14.50. 

 

Critical Metals (CRML) is developing a portfolio of strategic minerals projects, anchored by the Tanbreez rare earth asset in Greenland and the Wolfsberg lithium project in Austria. In our view, CRML’s investment case is driven primarily by Tanbreez’s strategic importance to the Western rare-earth supply chain amid the global industry’s heavy reliance on China. The company’s announced efforts to secure long-term offtake agreements, including preliminary arrangements at the development stage, also help mitigate commercial risk and are a constructive sign. Additional value stems from the relatively high proportion of heavy rare earth elements in the resource base, as well as from participation in joint projects in Romania and Saudi Arabia, which could broaden the company’s strategic options. That said, CRML remains a high-risk, development-stage story, and the stock’s future appeal will largely depend on the company’s ability to secure financing and deliver capital-intensive projects on the stated timeline. Given this, investor interest is closely tied to the broader theme of resource security and diversification of global strategic metals supply.

According to Freedom Broker analysts, the 12-month fair price is $15 per share. 

 

Power Solutions International (PSIX) manufactures engines and integrated power systems for distributed and backup generation, industrial equipment, and transportation end markets. In our view, PSIX is one of the most compelling small-cap beneficiaries of the surge in data-center power demand, which has been a key driver of its operating momentum in 2025. For the year, revenue rose 52% YoY to $722.4m, while net income increased 65% to $114.0m, reflecting stronger demand from energy infrastructure and data centers. Although rapid capacity expansion has temporarily compressed gross margins, underlying profitability remains above the company’s historical average. Besides, the acquisition of MTL Manufacturing & Equipment should further enhance operating efficiency through greater vertical integration and a more resilient supply chain. Looking ahead, share performance will hinge on the durability of data-center demand and the company’s ability to sustain margins amid ongoing capacity growth.

Freedom Broker analysts estimate the 12-month fair price at $107 per share.

 

Viemed Healthcare (VMD) is a U.S. provider of medical equipment and specialized home-care services, focused on respiratory support, sleep therapy, and related patient care. Near-term revenue momentum is subdued following insurance coverage changes that have slowed the noninvasive ventilator rental segment. However, the medium-term investment case is increasingly anchored in sleep therapy, recurring disposable supplies tied to that business, and the maternity care products and services segment. Management reports steady expansion of the sleep-therapy patient base, and the recently acquired Lehan’s business is already contributing meaningfully to revenue while broadening the product mix. Overall, Viemed’s shares remain attractive as a play on business operational adaptation to the new regulatory environment and the gradual build-out of new growth drivers.

According to Freedom Broker analysts, the 12-month fair value is $11 per share.