Tigress Financial Partners Upgrades MNTN Inc (MNTN) to Strong Buy

Tigress Financial Partners analyst Ivan Feinseth upgraded MNTN Inc (OTC: MNTN) from Buy to Strong Buy with a price target of $36.00 (from $28.00).

The analyst comments "We upgrade our investment ratings from Buy to Strong Buy and increase our 12-month target price to $36 as MNTN increasingly benefits from growing opportunities in the fast-growing CTV technology-driven market, driven by accelerating adoption, strong SMB-driven first mover advantage, as well as increasing strategic AI innovation, and view the recent pullback as a major buying opportunity. MNTN’s AI-driven performance TV platform will continue to drive accelerating Business Performance trends, including increasing gains in Return on Capital (ROC), which will drive a significant increase in Economic Profit and increasing shareholder value creation. MNTN’s rapid customer growth, AI-enabled measurement and targeting, SMB focus, and participation in the fast-expanding CTV market are significant growth catalysts. The strategic partnership between MNTN and ZoomInfo Technologies unlocks a major opportunity in the B2B connected TV advertising market. MNTN targets a $60-$120 billion market opportunity as performance-driven connected TV ad spending continues to grow significantly, outpacing traditional TV and digital channels."

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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