LiveOne price target raised to $8.50 from $8 at Ladenburg

Ladenburg raised the firm’s price target on LiveOne to $8.50 from $8 and keeps a Buy rating on the shares. With its emerging leadership position in both digital radio and podcast streaming, LiveOne has “moved rapidly during the past 18 months to refocus its strategy on improving the balance sheet and generating positive bottom-line results,” says the firm, which bases its valuation on a multiple on the expected revenues out to 2025 of $147M.