Roth Capital Partners has reiterated its Buy rating and $14 price target for LiveOne (NASDAQ: LVO) following the company's newly announced collaboration with AT&T and Cisco, which will integrate LiveOne's audio streaming services into AT&T's Connected Car ecosystem. In a June 4 research note, Roth Managing Director and Senior Research Analyst Sean McGowan described the agreement as a major addition to LiveOne's expanding roster of B2B partnerships, noting that the company has pursued large-scale partnerships across multiple industries for over a year.
According to Roth, the opportunity may be larger than initially anticipated. While AT&T has approximately 109 million wireless subscribers, the 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 growing 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 firm also highlighted the potential for management to increase guidance in coming weeks, citing PodcastOne's fiscal 2027 revenue outlook and contributions 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 more details, the full report is available at https://ibn.fm/Of91h.
