Why is Wall Street Bullish on MNTN, Inc. (MNTN) Despite a 36% Fall in Share Price?

MNTN, Inc. (NYSE:MNTN) is one of the Best Small Cap Tech Stocks To Buy Right Now. MNTN, Inc. (NYSE:MNTN) posted mixed results for its fiscal second quarter of 2025. As a result, the stock has fallen more than 36.5% since the announcement. The company posted quarterly revenue of $68.46 million, which was ahead of consensus by $3.92 million. However, the EPS of negative $0.65 fell short of the expectation by $0.59.

However, Wall Street remains bullish on the stock with several analysts reiterating a Buy rating lately. On August 6, Needham analyst Laura Martin maintained a Buy rating on MNTN, Inc. (NYSE:MNTN) and raised the price target from $25 to $35. The analyst highlighted the company’s strategic edge as a self-service advertising platform for major streaming services. He noted that the company is the largest demand-side platform focused on performance-CTV, and it dominates the fastest-growing segment of digital video advertising.

More recently, on August 11, Tigress Financial analyst Ivan Feinseth also raised the price target on MNTN, Inc. (NYSE:MNTN) from $28 to $36, while reiterating a Buy rating on the stock. The analyst noted that he believes the company is well-positioned to benefit from the fast-growing connected TV market. He highlighted that the adoption of CTV technology is rising quickly, and MNTN has a strong first-mover advantage, especially among small and medium-sized businesses.

MNTN, Inc. (NYSE:MNTN) provides a software platform called Performance TV that combines TV advertising with digital marketing precision.

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.