Roth Capital Reaffirms Buy on LiveOne, Inc. (LVO) With 143% Upside

LiveOne, Inc. (NASDAQ:LVO) is among the best fundamentally strong penny stocks to buy right now. Sean McGowan, an analyst at Roth 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 paying subscribers, on track to outshine the previous Tesla deal.

LiveOne, Inc. (NASDAQ:LVO) is a California-based digital media company operating through three segments: PodcastOne, Slacker, and Media Group. Founded in 2009, the company is committed to becoming an “all-in-one” destination for media consumers.

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Disclosure: None.