Citizens JMP initiates MNTN stock with market outperform rating

June 16, 2025 12:45 AM PDT | By EODHD

Google News:

Citizens JMP initiates MNTN stock with market outperform rating — Image source: Kalkine Media

Recent News

Debt Use in Steel Sector and Its Influence on Metals & Mining

Duolingo Inc Sees Gains Amid Mixed ROE Trends S&P 500

DigitalOcean DOCN Drops Despite AI Growth Boost in NYSE Composite Sect...

Rivian Stock Key Metrics to Track Amid EV Credit Changes Nasdaq Compos...

Citizens JMP analyst firm initiated coverage on MNTN Inc (OTC:MNTN) Monday with a Market Outperform rating and a price target of $23.00, representing a 24% upside from the current price of $18.51. According to InvestingPro, the company maintains a FAIR overall financial health score of 2.24. The research firm cited MNTN’s ability to efficiently attract small and medium-sized businesses while retaining and growing their advertising budgets as key factors behind the positive outlook. Citizens JMP highlighted that MNTN has "uniquely combined access to TV-quality video ads with an efficient go-to-market strategy" that currently enables the company to generate 74% of its leads through inbound marketing on its own advertising platform. The firm noted that television advertisements are already among the most effective ad formats, and with increasing consumer adoption of streaming television, connected TV (CTV) advertising has substantial growth potential.

Citizens JMP believes MNTN is positioned to establish another performance channel alongside search and social media advertising, which could help the company exceed both the firm’s estimates and broader investor expectations. In other recent news, MNTN Inc reported a revenue of $226 million for 2024, marking a 28% increase compared to the previous year. The company also achieved a Net Revenue Retention rate of 108%, indicating successful expansion with existing customers. In addition, Evercore ISI initiated coverage on MNTN with an outperform rating and a price target of $27.00. The investment firm highlighted MNTN’s focus on transforming Connected TV into a performance marketing channel as a key factor for its positive outlook.

Evercore ISI’s valuation is based on a 23x EV/EBITDA multiple, with an EBITDA estimate of $90 million for 2026. MNTN’s platform serves over 2,200 active small and medium-sized business advertising customers. These developments reflect MNTN’s strategic positioning in the connected TV advertising market. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.