MNTN Inc (MNTN) PT Raised to $30 at Citizens JMP

Citizens JMP analyst Andrew Boone raised the price target on MNTN Inc (OTC: MNTN) to $30.00 (from $23.00) while maintaining a Market Outperform rating.

The analyst commented, “MNTN reports its first quarter as a public company on Tuesday, August 5, 2025, after the market close, and we expect results to be above our and consensus expectations. While we acknowledge that comps become more difficult in 2Q25 and that expectations are likely increased as shares trade at a 75% premium from MNTN's IPO price of $16, with macro advertising seemingly healthy per our checks and early advertising-based earnings reports coming in better than expected, we expect MNTN's tailwinds in bringing SMBs online to scale performance CTV advertising campaigns remain intact and can lead to persistent 30% growth (as shown in our Blue Sky scenario below). With high incremental margins and a significant TAM, we are increasing our price target to $30 from $23 prior as we maintain our Market Outperform rating.”

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