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. The partnership will make LiveOne's audio streaming services available through AT&T's Connected Car ecosystem, marking another major business-to-business win for the company. Roth analyst Sean McGowan noted that LiveOne has pursued large-scale partnerships across multiple industries for over a year, and the AT&T deal is one of its most significant to date.
According to the research note, the opportunity could be larger than initially anticipated. While AT&T reports 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. McGowan wrote 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 report also highlighted the potential for management to increase 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, the full report is available at 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. LiveOne is available on numerous devices and platforms including iOS, Android, Web, Roku, Apple TV, and Amazon Alexa.
