Lionsgate Studios Corp (LION) PT Raised to $11 at Benchmark

Benchmark analyst Matthew Harrigan raised the price target on Lionsgate Studios Corp (NASDAQ: LION) to $11.00 (from $8.50) while maintaining a Buy rating.

The analyst commented, "We are lifting our Lionsgate Studios’ price target to $11 from $8.50 – albeit now emphasizing F2027 (~18 months out ending in March 2027). Lionsgate’s Now You See Me 3 continues to perform at the high end of expectations with a $36.8M domestic total and a significantly higher $146M global tally. The better than expected $109M overseas tally suggests the possibility of Lionsgate receiving overages on its foreign market presales -although it is not an inexpensive film with Variety suggesting a $90M production cost for the special effects laden release. More than acceptable ROI is conveyed by the studio already working on a fourth NYSM iteration. The next broadly anticipated film is this December’s Housemaids, starring Sydney Sweeney and Amanda Seyfried, followed by Michael (April 2026), Sunrise on the Reaping (Hunger Games prequel, November 2026) and Resurrection (March 2027 and May 2027). F2028 should feature solid carryover as well as the possibility (or likelihood) of a second Michael film. This is complemented by scripted television likely doubling deliveries in F2027. As the fiscal 2025 Borderlands miasma dissipates, the market should gradually price in this compelling outlook especially as Lionsgate has nil advertising and cyclical exposure relative to almost any other significant media name."

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