Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research note issued on Monday. They presently have a $16.00 price target on the stock. Benchmark’s target price would indicate a potential upside of 117.69% from the stock’s current price.
The analysts wrote, “We expect messaging to be somewhat mixed, with the positive, unexpected timing and close of the Screen Media acquisition in November likely pushing some TV production revenue into 1Q18. Furthermore, while we still expect at least 6 shows to be delivered in 2018, we believe the emphasis has shifted towards the more stable distribution and online network channels, likely resulting in a re-bucketing of revenue in what we suspect will be conservatively re-affirmed 2018 guidance. Given that we expect management will likely invest in growing the new asset, which we believe has performed well already under their stewardship, we are also leaving our forecast generally unchanged, calling for $30 million in revenue and $12 million in EBITDA. Messaging will be critical as we believe management now has enough ammunition to pivot the story from an annual production model to a stable distribution model with a growing online network.””
Shares of Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) traded up $0.23 during mid-day trading on Monday, reaching $7.35. 3,584 shares of the company’s stock traded hands, compared to its average volume of 35,226. Chicken Soup for The Soul Entrtnmnt has a 12-month low of $6.79 and a 12-month high of $13.26.
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About Chicken Soup for The Soul Entrtnmnt
Chicken Soup for the Soul Entertainment, Inc is a provider of entertaining video content. The Company develops and produces and entertaining, video content packaged for distribution through television, online and mobile channels, including: The Sip, Web series run on APlus.com, and A Plus videos. The Company’s video content projects include Chicken Soup for the Soul’s Hidden Heroes (Hidden Heroes), Chicken Soup for the Soul’s Project Dad, Paycation Homes, Hilton Grand Vacation Sips, Emily Griffith Technical College Sips, and American Humane.
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