Roth Capital Partners reiterated its Buy rating and $14 price target for LiveOne (NASDAQ: LVO) following the company’s newly announced collaboration with AT&T and Cisco. The partnership will integrate LiveOne’s audio streaming services into AT&T’s Connected Car ecosystem, representing another major business-to-business win for the company.
Roth analyst Sean McGowan highlighted that the AT&T relationship could ultimately provide access to a significantly larger subscriber base 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. AT&T’s connected vehicle base reportedly stands 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 report also indicated that LiveOne may raise guidance in the coming weeks, citing PodcastOne’s fiscal 2027 revenue outlook and the growing contribution from recently signed partnerships. Roth further suggested that LiveOne could 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.
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. The company’s services are available on a wide range of devices and platforms.
For more details on the Roth report, visit this link.
