Lionsgate Studios Corp (LION) PT Raised to $12 at Benchmark as Confidence in Financial Outlook Grow

Benchmark analyst Matt Harrigan raised the price target on Lionsgate Studios Corp (NASDAQ: LION) to $12.00 (from $11.00) while maintaining a Buy rating.

The analyst commented, "We maintain a BUY on Lionsgate and are slightly increasing our price target to $12. We expect the market to garner further confidence on Lionsgate’s financial outlook post the reported quarter with this Thursday’s earnings release alongside heightened favourable visibility on the film release calendar. The Housemaid, with a sequel already announced, is now a major enhancement to Motion Picture profitability with the erotic thriller starring Sydney Sweeney and Amanda Seyfried now nearing $300M in global box office with prospects for crossing $400M given repeat attendance and better four quadrant demographic resonance than expected outside its core older female distaff audience. The unusually successful mid-budget film should be especially profitable given its reported ~$35M production cost. The Housemaid’s Secret sequel is similarly premised on a further Freida McFadden book and is now expected to reach theatres in calendar 2027. Actress and now lingerie entrepreneur Sydney Sweeney (see Hollywood sign morphed into a bra marketing prop for her Syrn brand) returns in the sequel. There is a likelihood for even more films given box office success and the Household series having sold more than 12 million copies. We were also especially impressed with the new Michael trailer that debuted during this Sunday night’s Grammys."

You May Also Be Interested In

• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
• Stripe, Advent In Talks To Buy Paypal - WSJ