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Stock impact report

Roth Capital Reaffirms Buy on LiveOne, Inc. (LVO) With 143% Upside [Yahoo! Finance]

LiveOne, Inc. (LVO) 
Company Research Source: Yahoo! Finance
Capital, has reaffirmed his ‘Buy' rating on LiveOne, Inc. (NASDAQ:LVO), while reducing the price target to $1.30 from $1.50, implying a potential upside of nearly 143% from the current level. Despite a 13.33% decline in the guidance, the analyst remains confident about the company's performance. Just recently, LiveOne, Inc. (NASDAQ:LVO) revised its previously authorized $12 million stock repurchase program. According to the announcement, senior executives, directed by Robert Ellin, chairman and CEO, are set to purchase as many as 5 million shares. As expressed by Ellin, “We believe our stock remains significantly undervalued, and this commitment reflects our strong confidence in LiveOne's growth trajectory and long-term value.” What's truly interesting about LiveOne, Inc. (NASDAQ:LVO) is its strategic partnerships and financial resilience. During its earnings call, the management highlighted its collaboration with a Fortune 500 giant that has the potential to surpass 30 million Show less Read more
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