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Wells Fargo Reaffirms Their Buy Rating on Lionsgate Studios (LION)

Tipranks - Tipranks - Tue Feb 10, 6:26AM CST

Wells Fargo analyst Omar Mejias maintained a Buy rating on Lionsgate Studios today and set a price target of $12.00.

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According to TipRanks, Mejias is a 3-star analyst with an average return of 11.5% and a 48.15% success rate. Mejias covers the Communication Services sector, focusing on stocks such as IMAX, Cinemark Holdings, and Warner Music Group.

In addition to Wells Fargo, Lionsgate Studios also received a Buy from Barrington’s Patrick Sholl in a report issued on February 6. However, on the same day, TipRanks – Google reiterated a Hold rating on Lionsgate Studios (NYSE: LION).

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Based on Lionsgate Studios’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $724.3 million and a GAAP net loss of $46.2 million. In comparison, last year the company earned a revenue of $713.8 million and had a net profit of $6.4 million

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