MNTN (MNTN) is Gaining Market Share by Capitalizing on the Long-Term Connected TV Growth Trend

MNTN Inc. (NYSE:MNTN) is one of the best new tech stocks to buy right now. On December 4, Canaccord analyst Matthew Weber initiated coverage of MNTN with a Buy rating and $20 price target. Weber believes that the company is capitalizing on the long-term growth trend in connected TV/CTV and is successfully gaining market share for solving a critical market need.

Earlier in its Q3 2025 earnings report, MNTN recorded a revenue of $70 million, which was a 31% year-over-year increase after adjusting for the divestiture of Maximum Effort. The company achieved its first GAAP profitable quarter in 4 years, reporting net income of $6.4 million and GAAP EPS of $0.09 per share. This growth was driven by strong customer adoption of its Performance TV platform, with Active PTV Customers reaching 3,316, representing a 67% year-over-year growth.

MNTN (MNTN) is Gaining Market Share by Capitalizing on the Long-Term Connected TV Growth Trend

For Q4 revenue guidance, the company expects a range of $85.5 to $86.5 million, which represents 34% year-over-year growth at the midpoint. For the full-year 2025, revenue guidance is projected to be between $288.5 and $289.5 million, reflecting 35.5% year-over-year growth at the midpoint.

MNTN Inc. (NYSE:MNTN) operates a technology platform that brings performance marketing to Connected TV/CTV.

While we acknowledge the potential of MNTN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNTN and that has 100x 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.