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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Read More on LVO:
- LiveOne (Nasdaq: LVO) Reports Q3 Fiscal Year 2024 Record Revenue of $31.2M and Adjusted EBITDA* of $3.3M, Memberships Increased 687K (+36% YoY)
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