Evercore ISI Group Maintains Outperform on MNTN, Raises Price Target to $39

Written by Emily J. Thompson, Senior Investment Analyst

MNTN-3.13%

Source: Benzinga

Updated: Aug 06 2025

0mins

Source: Benzinga

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MNTN

$9.9+Infinity%1D

Analyst Views on MNTN

Wall Street analysts forecast MNTN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MNTN is 25.79 USD with a low forecast of 18.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Analyst Rating

6 Buy

1 Hold

0 Sell

Strong Buy

Current: 10.220

Low

18.00

Averages

25.79

High

39.00

Current: 10.220

Low

18.00

Averages

25.79

High

39.00

Canaccord

Matthew Weber

Buy

initiated

$20

2025-12-04

Reason

Canaccord

Matthew Weber

Price Target

$20

AI Analysis

2025-12-04

initiated

Buy

Reason

Canaccord analyst Matthew Weber initiated coverage of MNTN with a Buy rating and $20 price target. The company is benefiting from the secular tailwinds in connected TV and is taking share by "solving a critical market need," the analyst tells investors in a research note. The firm thinks this will support continued strong operating performance moving forward for MNTN.

Evercore ISI

Outperform -> NULL

downgrade

$39 -> $33

2025-11-05

Reason

Evercore ISI

Price Target

$39 -> $33

2025-11-05

downgrade

Outperform -> NULL

Reason

Evercore ISI lowered the firm's price target on MNTN to $33 from $39 and keeps an Outperform rating on the shares. Q3 results are "a solid affirmation of its growth trajectory with in-line revenues and a notable EBITDA beat," the analyst tells investors in a post-earnings note.

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Morgan Stanley

Equal Weight

downgrade

$25

2025-11-05

Reason

Morgan Stanley

Price Target

$25

2025-11-05

downgrade

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on MNTN to $22.50 from $25 and keeps an Equal Weight rating on the shares after what the firm calls "solid results in its second public quarter." Margins, and particularly gross margins, are "a key strength" in Q3 and the Q4 guidance, but the firm continues to await evidence of a customer growth inflection, the analyst tells investors.

Citizens JMP

Outperform

NULL

downgrade

$33 -> $23

2025-11-05

Reason

Citizens JMP

Price Target

$33 -> $23

2025-11-05

downgrade

Outperform

NULL

Reason

Citizens JMP lowered the firm's price target on MNTN to $23 from $33 and keeps an Outperform rating on the shares. MNTN reported mixed Q3 results as revenue met consensus and Q4 revenue and EBITDA guidance bracketed consensus, the analyst tells investors in a research note. Citizens believes that 15- and 30-second ads on TV are the best formats to drive performance given they allow enough time for marketers to tell a story and that MNTN is uniquely positioned to bring this performance to SMBs, as the company enables the creation of TV ads, targeting, and measurement, while cost effectively bringing them on-platform as 75%+ of revenue was from inbound leads.

About MNTN

MNTN, Inc. provides a Performance TV (PTV) software platform that allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising. The Company is focused on providing performance advertising services through a unified online advertising platform that includes segmentation tools, intelligent campaign planning, advance audience targeting, prospecting, creative ad builder, and data analytics reporting. It offers marketers a comprehensive and fully integrated software solution that combines targeting, measurement and attribution capabilities for performance marketing on Connected TV (CTV). Its Verified Visits technology links Internet-connected devices in the household to TV. Its self-serve software platform enables marketers to target audiences through its MNTN Matched technology and then directly attribute each view to a purchase or other action.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.