In a report released on March 28, Allen Klee from Maxim Group reiterated a Buy rating on Dolphin Entertainment (DLPN – Research Report), with a price target of $5.00.
Allen Klee has given his Buy rating due to a combination of factors that highlight Dolphin Entertainment’s strategic growth initiatives and financial performance. The company reported a 3% year-over-year increase in revenue for the fourth quarter of 2024, surpassing expectations, although it posted an adjusted EBITDA loss due to investments in new growth areas such as influencer marketing and women’s sports management.
Key drivers for the positive outlook include the expansion of successful PR and marketing campaigns, the launch of a new women’s sports management firm, and the company’s venture into affiliate marketing. Additionally, Dolphin Entertainment’s strategic partnerships in AI for digital content protection and its venture investments are expected to contribute to future growth. Despite lowering 2025 estimates due to external factors like the LA wildfires, the firm maintains its 2026 projections, supported by sufficient capital reserves and a strong leadership team. The CEO’s recent stock purchases further reinforce confidence in the company’s trajectory.