Roth/MKM Starts PodcastOne (PODC) at Buy, 'Top-10, Rapidly Growing Podcast Network'

Roth/MKM analyst Sean McGowan initiates coverage on PodcastOne (NASDAQ: PODC) with a Buy rating and a price target of $4.50.

The analyst comments "We are initiating coverage of PodcastOne (PODC), a top-ten US podcast network, and the only pure-play podcast US-listed stock. PODC is majorityowned by LiveOne (LVO-Buy). We expect revenues of $42.6M in F2024 to grow by approximately 23%to 25% annually over the next several years, and that adjusted EBITDA, which we believe will be modestly positive in F2024, will approach $6M in F2027. We rate the stock a Buy with a $4.50 target, which implies an EV/Revenue multiple of 1.5x our calendar 2025 revenue estimate."

For an analyst ratings summary and ratings history on PodcastOne click here. For more ratings news on PodcastOne click here.

Shares of PodcastOne closed at $1.80 yesterday.

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