Benchmark raised the firm’s price target on Cineverse (CNVS) to $10 from $9 and keeps a Speculative Buy rating on the shares. Cineverse “still had to put up a ‘tweener quarter based entirely off the core business” before beginning to reap the cinematic windfall from the box office numbers for Terrifier 3, and “they delivered,” the analyst tells investors.
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Read More on CNVS:
- Cineverse price target raised to $5 from $4.50 at Alliance Global Partners
- Cineverse Corp. Reports Strong Revenue Growth
- Cineverse 360 ad platform reports ‘strong revenue growth’ in October
- Cineverse price target raised to $4.50 from $4 at Alliance Global Partners
- Cineverse says ‘Terrifier 3’ opened to $21.4M in holiday weekend box office
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