CuriosityStream price target raised to $4.80 from $2.95 at Needham

Needham raised the firm’s price target on CuriosityStream (CURI) to $4.80 from $2.95 and keeps a Buy rating on the shares after its Q1 results. The company generated positive adjusted EBITDA, while its most important Q1 revenue growth drivers were licensing of short-form and long-form films and TV programs for both Al training and traditional media distribution and New Curiosity Stream channel launches in North America and Latin America, including Curiosity University as a premium subscription service on The Roku Channel, the analyst tells investors in a research note.