Cineverse price target lowered to $9 from $10 at Benchmark

Core Viewpoint - Benchmark analyst Daniel Kurnos has lowered the price target for Cineverse (CNVS) to $9 from $10 while maintaining a Speculative Buy rating on the shares, indicating a cautious outlook on the company's future performance [1]. Financial Adjustments - The firm has adjusted its EBITDA forecast for Cineverse down by $5 million, reflecting a reset of expectations for the company's financial performance this year [1]. Revenue Expectations - The analyst expressed that the previous expectations for revenue and profitability from the newly acquired film slate were overly optimistic, particularly in comparison to the success of Terrifier 3 [1].