Needham & Company LLC Cuts MNTN (NYSE:MNTN) Price Target to $18.00

MNTN (NYSE:MNTN) had its price objective cut by Needham & Company LLC from $35.00 to $18.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also weighed in on MNTN. Morgan Stanley raised their target price on MNTN from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Citigroup upgraded shares of MNTN from a “neutral” rating to a “buy” rating and dropped their price target for the company from $33.00 to $22.00 in a research note on Friday, October 24th. JMP Securities boosted their price objective on shares of MNTN from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Evercore ISI lowered their target price on shares of MNTN from $39.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Citizens Jmp cut their price target on shares of MNTN from $33.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, MNTN has a consensus rating of “Moderate Buy” and an average target price of $27.15.

MNTN Price Performance

MNTN stock opened at $14.36 on Wednesday. The stock’s fifty day moving average price is $17.71. MNTN has a 12-month low of $13.30 and a 12-month high of $32.49.

MNTN (NYSE:MNTN) last posted its earnings results on Tuesday, November 4th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $70.02 million during the quarter, compared to analysts’ expectations of $70.11 million. MNTN’s revenue was up 22.6% compared to the same quarter last year. MNTN has set its Q4 2025 guidance at EPS.

Institutional Trading of MNTN

Institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in MNTN during the 3rd quarter worth $54,000. JPMorgan Chase & Co. acquired a new position in MNTN in the third quarter valued at $86,000. BCS Private Wealth Management Inc. purchased a new stake in shares of MNTN in the second quarter valued at about $209,000. AMH Equity Ltd acquired a new stake in shares of MNTN during the third quarter worth about $186,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of MNTN during the second quarter worth about $223,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.

About MNTN

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.