JP Morgan starts covering CuriosityStream with 'overweight' rating

CuriosityStream

17/09/2021 15:10

** Shares of video streaming platform CuriosityStream
 CURI.O  up 8.4% at $11.99, set for biggest one-day pct gain in
over a month  
    ** J.P. Morgan starts coverage with 'overweight' rating;
sets PT at $15, implying an upside of ~36% to CURI's last close
    ** CURI, which offers factual content like history and
science documentaries, is well positioned to benefit from the
ongoing subscription streaming boom as consumers continue to
adopt ondemand viewing - brokerage says 
    ** Says majority of CURI's subscribers are from wholesale
deals with distributors, providing co the advantages of
long-cycle and recurring revenue 
    ** Notes that CURI has continued to add higher average
revenue per unit direct subscribers
    ** Currently, 6 of 8 analysts rate the stock "buy" or
higher, 1 "hold" and 1 "sell"; their median PT is $16.50
    ** Up to Thursday's close, CURI had fallen ~21% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))