5 Best Advertising Agency Stocks to Buy According to Hedge Funds

In this article, we will list the 5 Best Advertising Agency Stocks to Buy According to Hedge Funds. Please visit 8 Best Advertising Agency Stocks to Buy According to Hedge Funds if you’d like to see an extended list and the methodology behind it.

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5. MNTN Inc. (NYSE:MNTN)

MNTN Inc. (NYSE:MNTN) is one of the 8 best advertising agency stocks to buy according to hedge funds.

On April 14, Canaccord Genuity reaffirmed its Buy rating on MNTN Inc. (NYSE:MNTN). The firm, however, cut the stock’s target price from $20 to $18, which still implies an adjusted upside potential of more than 78% despite the downward revision. This makes it one of the most compelling prospects in the advertising segment.

Back on March 10, MNTN Inc. (NYSE:MNTN) announced two major executive appointments that are aimed at driving growth in the company’s performance television segment. Garland Hill was appointed Chief Revenue Officer and comes with vast experience working at TikTok, where he led the small and midmarket business segment to grow revenues by over $1 billion.

Peter Blacker has been hired as the Global Head of Premium Content following his 20-year career at NBCUniversal as the Head of Streaming and Data Products, where he played a critical role in driving the launch of Peacock, among other products. According to Chief Executive Mark Douglas, connected TV is perhaps the greatest revolution in advertising that has ever occurred, and this move is geared towards ensuring that the company’s growth in momentum continues and delivers performance on a larger scale.

MNTN Inc. (NYSE:MNTN) works as a technology platform that connects performance marketing with Connected TV. It provides self-serve technology to its consumers, which allows broadcasting TV commercials as simply as using search and social media. This platform helps to drive measurable conversions, site visits, revenue, and more.