Analyst Darren Aftahi of Roth MKM maintained a Buy rating on Loop Media (LPTV – Research Report), with a price target of $2.00.
Darren Aftahi’s Buy rating for Loop Media is predicated on a set of encouraging developments within the company. Following discussions with Loop Media’s management at the Consumer Electronics Show (CES), Aftahi observed that the company is showing signs of improvement across various aspects of its operations. Notably, there is an anticipation of new Partner Network deals that promise to bring more favorable economic terms, which in turn could lead to a more attractive gross margin (GM) profile. This positive outlook is further supported by Loop Media’s recent conversion of debt to equity, which has improved the financial standing of the company as it approaches its first-quarter financial results. Aftahi’s confidence is such that he recommends investors to consider buying the stock ahead of the forthcoming financial disclosures.
Furthermore, Aftahi’s analysis suggests that Loop Media has become more operationally efficient and strategic in focus, especially after facing a challenging fiscal year marked by a difficult macroeconomic climate and industry-specific hurdles. With the worst seemingly behind them, Loop Media is expected to return to a growth trajectory in the burgeoning yet early-stage sector it operates in. The company’s improved financial flexibility, exemplified by securing an additional $4 million in liquidity, is seen as a move that will support its revised sales strategy. Loop Media’s strategic partnership with OKO Digital also promises to enhance the company’s monetization capabilities, all of which contribute to Aftahi’s optimistic Buy rating for the stock.
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Loop Media (LPTV) Company Description:
Interlink Plus, Inc. engages in the business support services to proprietors, entrepreneurs and small business owners by offering outsourced business processes. It operates through the following segments: Travel Agency Assistance Services and Convention Services. The Travel Agency Assistance Services segment provides hotel price quotation and negotiation, contract reviewing, detailed guests’ arrangements, hotel check-in assistance and tradeshow assistance. The Convention Services segment caters to the individual exhibitors by assisting them on booth set up, tradeshow promotion material preparing, entourage interpreter and exhibitor booth personnel arrangements, including bilingual spokespersons, sales associates, narrators and demonstrators, hosts, promoters and models. The company was founded by Zixiao Chen and Duan Fu on May 11, 2015 and is headquartered in Las Vegas, NV.
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