PodcastOne price target lowered to $3.75 from $4.50 at Roth Capital

Roth Capital lowered the firm’s price target on PodcastOne (PODC) to $3.75 from $4.50 and keeps a Buy rating on the shares. The company’s Q4 revenue topped the firm’s estimates, but its costs were higher than expected and the adjusted EBITDA was below the firm’s forecast, the analyst tells investors in a research note. Roth is cutting its price target to reflect a slower ramp of revenue and EBITDA, the firm added.