Roth Capital Partners has reiterated its Buy rating and $14 price target for LiveOne (NASDAQ: LVO), emphasizing the company's newly announced partnership with AT&T and Cisco as a key catalyst. The collaboration will integrate LiveOne's audio streaming services into AT&T's Connected Car ecosystem, potentially exposing the platform to millions of new subscribers.
In a research note dated June 4, Roth Managing Director and Senior Research Analyst Sean McGowan described the agreement as another major business-to-business win for LiveOne, which has spent over a year pursuing large-scale partnerships across multiple industries. McGowan noted that the AT&T deal could be one of the company's most significant to date.
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. According to Roth, AT&T's connected vehicle base is reportedly around 32 million and expanding alongside 5G adoption. McGowan suggested that even modest subscriber conversion rates could generate meaningful incremental revenue for LiveOne, and the relationship could eventually expand beyond Connected Car users.
The analyst also highlighted the potential for LiveOne management to increase guidance in the coming weeks, citing PodcastOne's fiscal 2027 revenue outlook and the growing contribution from recently signed partnerships. Additionally, Roth 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 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 platform is 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.
For more information on LiveOne, visit https://www.liveone.com. The full research report from Roth Capital can be accessed at https://ibn.fm/Of91h.
