Evercore ISI Starts MNTN Inc (MNTN) at Outperform

Evercore ISI analyst Mark Mahaney initiates coverage on MNTN Inc (OTC: MNTN) with a Outperform rating and a price target of $27.00.

The analyst comments: "We are initiating coverage of Mountain (MNTN) with a $27 Price Target and an Outperform Rating based on a 23x EV/EBITDA multiple on our ’26 EBITDA of $90MM. MNTN’s stated mission is to 'transform Connected TV into a next-generation performance marketing channel.' The company’s PTV platform allows marketers to combine the experiential impact of CTV—non-skippable video ads presented on the largest screen in the home, typically adjacent to premium, brand-safe publisher content—with the targeting and measurement capabilities of digital performance marketing formats such as Paid Search and Social Media advertising. MNTN generated $226MM in revenue in 2024, up 28% Y/Y, and hosted over 2,200 active SMB advertising customers. For 2024, the company reported a Net Revenue Retention rate of 108%."

For an analyst ratings summary and ratings history on MNTN Inc click here. For more ratings news on MNTN Inc click here.

Shares of MNTN Inc closed at $11.00 yesterday.

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