CuriosityStream price target lowered to $1.50 from $2.00 at Needham

Needham lowered the firm’s price target on CuriosityStream to $1.50 from $2.00 and keeps a Buy rating on the shares. The company’s Q2 adjusted EBITDA and earnings were worse than expected, but Adjusted Free Cash Flow saw its third consecutive quarter of sequential improvement, the analyst tells investors in a research note. The firm is also positive on CuriosityStream having the bulk of its revenue coming from corporations around the world under 5-year contracts.