Roth Capital Partners has reiterated its Buy rating and $14 price target for LiveOne (NASDAQ: LVO), citing the company's newly announced collaboration with AT&T and Cisco as a major business-to-business win. The partnership, which will make LiveOne's audio streaming services available through AT&T's Connected Car ecosystem, represents one of the most significant deals the company has secured after more than a year of pursuing large-scale partnerships across multiple industries.
According to Roth Managing Director and Senior Research Analyst Sean McGowan, the opportunity could be larger than initially anticipated. 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. AT&T's connected vehicle base reportedly stands at around 32 million and is expanding alongside 5G adoption. McGowan noted that even modest subscriber conversion rates could generate meaningful incremental revenue for LiveOne, and suggested the relationship could eventually expand beyond Connected Car users.
The analyst also highlighted the potential for management to increase guidance in the coming weeks, pointing to 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 due to material nonpublic information considerations.
Roth concluded by reiterating its Buy rating and $14 price target on the shares. For the full report, visit https://ibn.fm/Of91h.
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. Its subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind. For more information, visit https://www.liveone.com.
