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.
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Read More on CURI:
- CuriosityStream upgraded to Outperform from Market Perform at Barrington
- CuriosityStream Inc. Achieves First Positive Net Income
- CuriosityStream Reports First-Ever Positive Net Income
- CuriosityStream sees Q2 revenue $16M-$17M, two estimates $13.73M
- CuriosityStream reports Q1 EPS 1c vs (9c) last year