Alliance Global Partners lowered the firm’s price target on LiveOne to $3 from $3.50 and keeps a Buy rating on the shares post the fiscal Q2 report. The analyst expects new Tesla sales in the U.S. as well as the onboarding of established podcasts with significant revenue streams to be the primary drivers to growth going forward.
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Read More on LVO:
- LiveOne Reports Q2 Fiscal Year 2024 Revenue of $28.5M and Adjusted EBITDA* of $2.8M
- LiveOne sees FY24 revenue $114M-$120M, consensus $125.66M
- LiveOne reports Q2 EPS (4c), consensus 0c
- LiveOne (Nasdaq: LVO) Announces Renewed Agreement with Tesla and Continued Paid Membership Growth
- LiveOne to Announce Second Quarter Fiscal 2024 Financial Results and Host Investor Webcast on November 9, 2023