Jim Cramer on MNTN: “I Am Surprised Myself That It’s Not Doing Better”

MNTN, Inc. (NYSE:MNTN) is one of the stocks Jim Cramer shed light on. When a caller expressed that they were unable to figure out what was going on and asked for Cramer’s advice, he replied:

“I can’t either. I think it’s a better company than it’s, than it’s trading. I know we spoke to them earlier today. I do believe that MNTN offers a great, great opportunity for advertisers… MNTN so far has not worked out. I was telling Ben Stoto earlier today. I am surprised myself that it’s not doing better. They’re not delivering, and that’s just unacceptable.”

A technical stock market chart. Photo by Energepic from Pexels

MNTN, Inc. (NYSE:MNTN) provides a technology platform that simplifies performance marketing on Connected TV. The company’s tools enable brands to run TV ads efficiently and drive measurable conversions, revenue, and engagement. During the October 22 episode, a caller asked if they should buy more, sell, or hold the stock, and Cramer responded:

“You know, I looked at MNTN even for my wife’s mezcal… I think it’s such a good bargain. I don’t know. I like the stock at $20, so I can’t tell you at $15 that I don’t like it. I’ve been wrong on MNTN, but I think it’s a good company. I’m sticking by it.”

While we acknowledge the risk and potential of MNTN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MNTN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.