Tigress Financial analyst Ivan Feinseth has maintained their bullish stance on MNTN stock, giving a Buy rating on August 6.
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Ivan Feinseth has given his Buy rating due to a combination of factors that highlight MNTN, Inc’s promising growth prospects. The company is positioned to benefit significantly from the expanding opportunities in the connected TV (CTV) market, which is experiencing rapid growth. This is driven by the increasing adoption of CTV technology and MNTN’s strong first-mover advantage, particularly among small and medium-sized businesses (SMBs).
MNTN’s AI-driven TV platform is expected to enhance business performance by improving return on capital and economic profit, thereby increasing shareholder value. The company’s strategic partnership with ZoomInfo Technologies is also seen as a pivotal move, unlocking opportunities in the B2B connected TV advertising market. Additionally, MNTN is targeting a substantial market opportunity in performance-driven connected TV ad spending, which is projected to surpass traditional TV and digital channels. These factors collectively underpin Feinseth’s optimistic outlook and Buy rating for MNTN, Inc.
Feinseth covers the Technology sector, focusing on stocks such as MNTN, Inc Class A, Fiserv, and Lyft. According to TipRanks, Feinseth has an average return of 14.2% and a 62.40% success rate on recommended stocks.
In another report released on August 6, Evercore ISI also maintained a Buy rating on the stock with a $39.00 price target.