Roth Capital Partners has reiterated its Buy rating and $14 price target for LiveOne (NASDAQ: LVO), following the company's announcement of a collaboration with AT&T and Cisco to integrate its audio streaming services into AT&T's Connected Car ecosystem. Analyst Sean McGowan described the agreement as another 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.
The AT&T deal could provide access to a significantly larger subscriber base 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, 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 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.
LiveOne 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 iOS, Android, Web, Roku, Apple TV, Samsung Smart TVs, Amazon Fire TV, Android TV, LG Smart TVs, VIZIO Smart TVs, Amazon Alexa, Sonos, and other devices.
Roth Capital Partners is a relationship-driven investment bank focused on serving growth companies and their investors, providing capital raising, high-impact equity research, sales and trading, and M&A advisory. Headquartered in Newport Beach, California, Roth is a privately held, employee-owned organization.
For more information on LiveOne, visit https://www.liveone.com. For the full Roth report, see https://ibn.fm/Of91h.
