Cineverse price target raised to $7 from $5 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Cineverse (CNVS) to $7 from $5 and keeps a Buy rating on the shares after the company reported fiscal Q3 results. The firm now forecasts adjusted EBITDA to be $10.7M in FY25 and $10.1M in FY26, both of which are raised from its prior estimates.