What happened Shares of LiveXLive Media (NASDAQ: LIVX) are soaring today, up by 9% as of 12:28 p.m. EDT, after a JMP Securities analyst raised his price target on the stock from $4 per share to $7 per share. That target is 48% above where the music streaming platform closed on Friday. So what With the COVID-19 pandemic limiting participation at live concerts, a media stock like LiveXLive that broadcasts concerts via audio and video has proven to be a popular alternative. Image source: Getty Images. LiveXLive hosted its first 48-hour music festival called "Music Lives" last April, earning over 50 million views, with "over 5 billion views for #music lives on TikTok" on more than 100 performances. Now what LiveXLive also just announced a new pay-per-view rap concert scheduled for the end of the month featuring Lil TJay. The company also owns the PodcastOne digital audio network, which generated more than 2.25 billion downloads last year, with more than 40 episodes distributed per week. 10 stocks we like better than LiveXLive Media, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and LiveXLive Media, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source