Despite an improved revenue growth outlook and a lower future P/E multiple, the consensus analyst price target for PodcastOne has been revised downward from $4.38 to $3.38.
What's in the News
- PodcastOne secured exclusive sales and distribution rights for "Beach Too Sandy, Water Too Wet" and expanded its deal with "Notsam Wrestling" to obtain exclusive sales rights.
- Company’s total show count now exceeds 200, with growth in key genres such as comedy and sports.
- PodcastOne continues to broaden its premium programming slate, featuring top shows including The Adam Carolla Show, Off The Vine, and The Jordan Harbinger Show.
- PodcastOne announced a delay in filing its next 10-K with the SEC.
Valuation Changes
Summary of Valuation Changes for PodcastOne
- The Consensus Analyst Price Target has significantly fallen from $4.38 to $3.38.
- The Future P/E for PodcastOne has significantly fallen from 23.52x to 16.72x.
- The Consensus Revenue Growth forecasts for PodcastOne has significantly risen from 14.7% per annum to 17.5% per annum.
Disclaimer
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