Citi analyst Ronald Josey upgraded MNTN (MNTN) to Buy from Neutral with a price target of $22, down from $33. The company’s connected TV tools and upcoming QuickFrame AI launch can drive customer growth while its margins expand, the analyst tells investors in a research note. The firm sees MNTN wining more share of its customers’ budgets and views the stock’s valuation as “reasonable” at current levels relative to the company’s growth.
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