Roth Capital Partners reiterated its Buy rating and $14 price target for LiveOne (NASDAQ: LVO) on June 4, citing the company's newly announced collaboration with AT&T and Cisco as a major business-to-business win that could provide access to a significantly larger subscriber base than initially anticipated through AT&T Connected Car services.
Roth analyst Sean McGowan noted that LiveOne has spent more than a year pursuing large-scale partnerships across multiple industries and characterized the AT&T deal as one of its most significant to date. While AT&T reported approximately 109 million wireless subscribers, the initial Connected Car market targeted by the agreement is estimated at roughly 20 million vehicles, with AT&T’s connected vehicle base reportedly around 32 million and expanding alongside 5G adoption. According to the report, even modest subscriber conversion rates could generate meaningful incremental revenue for LiveOne, and the relationship could eventually expand beyond Connected Car users.
The firm also suggested that LiveOne may raise guidance in coming weeks, citing PodcastOne’s fiscal 2027 revenue outlook and the growing contribution from recently signed partnerships. Roth further indicated that LiveOne may be positioned to resume share repurchases, noting that management has previously expressed interest in buybacks and still has more than $5 million remaining under its authorization. The firm believes the company’s balance sheet has improved through debt conversions and warrant exercises, and that recent partnership activity may have temporarily limited repurchase activity because of material nonpublic information considerations.
For more details, view the full report at https://ibn.fm/Of91h.
About LiveOne: LiveOne (NASDAQ: LVO) is an award-winning, creator-first music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne’s subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind. For more information, visit https://www.liveone.com.
About ROTH: ROTH is a relationship-driven investment bank focused on serving growth companies and their investors. For more information, visit https://www.roth.com.
