Analysts Set MNTN Inc. (NYSE:MNTN) Price Target at $30.70

Shares of MNTN Inc. (NYSE:MNTN) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.70.

A number of research firms have recently weighed in on MNTN. Evercore ISI upped their price objective on MNTN from $27.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Morgan Stanley upped their price objective on MNTN from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Citigroup raised MNTN from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $33.00 to $22.00 in a research note on Friday. JMP Securities upped their price objective on MNTN from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Finally, Tigress Financial raised MNTN from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $28.00 to $36.00 in a research note on Monday, August 11th.

Hedge Funds Weigh In On MNTN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in MNTN during the third quarter valued at approximately $54,000. BCS Private Wealth Management Inc. bought a new position in MNTN during the second quarter valued at approximately $209,000. State of Tennessee Department of Treasury bought a new position in MNTN during the second quarter valued at approximately $223,000. Claro Advisors LLC bought a new position in MNTN during the second quarter valued at approximately $336,000. Finally, Oxford Asset Management LLP bought a new position in MNTN during the second quarter valued at approximately $487,000. 72.90% of the stock is owned by institutional investors.

MNTN Price Performance

NYSE:MNTN opened at $18.39 on Friday. The firm’s 50-day moving average is $18.91. MNTN has a 52-week low of $14.71 and a 52-week high of $32.49.

MNTN (NYSE:MNTN) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $68.46 million during the quarter, compared to analysts’ expectations of $64.54 million. MNTN’s revenue for the quarter was up 25.0% on a year-over-year basis. MNTN has set its Q3 2025 guidance at EPS.

About MNTN

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.