CuriosityStream price target lowered to $4 from $8 at Benchmark

Benchmark lowered the firm’s price target on CuriosityStream to $4 from $8 and keeps a Buy rating on the shares after the company reported Q4 results "that came in at a level roughly half of what consensus was expecting." Management also announced that it had made the strategic decision to turn down or not renew a good portion of partnership business to maximize the value of the library and called out a significant planned price hike across the entire offering, noted Benchmark, which reduced its forecast to reflect how it sees the existing state of the business evolving over the next 12-24 months.