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LiveOne price target raised to $3.50 from $3 at Alliance Global Partners

Alliance Global Partners analyst Brian Kinstlinger raised the firm’s price target on LiveOne to $3.50 from $3 and keeps a Buy rating on the shares post the fiscal Q3 report. Management said its business-to-business partnership which was announced in late 2023 will add more than $20M in annual revenue, the analyst tells investors in a research note. With 100 podcast titles in its pipeline, the firm expects the onboarding of new content will drive further growth.

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