Freedom Broker cuts MNTN stock price target on weak results

Investing.com · 2026-11-06 16:14 UTC

Freedom Broker cuts MNTN stock price target on weak results

Investing.com - Freedom Broker lowered its price target on MNTN Inc (OTC:MNTN) to $9.00 from $16.50 while maintaining a Buy rating on the shares. The stock currently trades at $4.98, down nearly 50% over the past week and 67% over the past year. According to InvestingPro analysis, MNTN appears undervalued at current levels with a Fair Value of $12.80, placing it among potential opportunities on the most undervalued stocks list.

MNTN reported weak third-quarter 2026 results, with revenue and Adjusted EBITDA significantly below Freedom Broker’s estimates. Changes to the sales compensation structure led to the departure of approximately 40% of experienced sellers and slowed new customer acquisition, while existing customers continued to increase spending.

Management sharply lowered its 2026 guidance and expects sales disruption to continue into the fourth quarter of 2026. The new leadership team has corrected the compensation structure and is rebuilding the sales organization, but new hires will take time to ramp, while additional spending will weigh on profitability.

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