MNTN initiated with a Buy at Loop Capital

Loop Capital initiated coverage of MNTN (MNTN) with a Buy rating and $29 price target As the leading independent advertising platform focused on making connected television an effective medium for performance marketers, MNTN has the potential to be a meaningfully larger company and an excellent vehicle for growth investors, the analyst tells investors in a research note. Loop adds that its valuation framework leans conservative given MNTN’s higher growth rate at an earlier stage of penetration and tracking toward a similarly attractive margin structure as the comp group.