Cineverse shares rise 10.10% intraday after Benchmark upgrades rating to Buy and acquires IndiCue platform.

Cineverse Corp. surged 10.10% intraday trading after Benchmark upgraded its stock rating to "Buy" from "Speculative Buy" and raised its price target to $12.00. The upgrade followed the company’s acquisition of IndiCue, a profitable Connected TV monetization platform, which analysts described as a "transformational deal." The move reflects confidence in Cineverse’s strategic expansion into high-margin infrastructure for modern content distribution, aligning with the stock’s sharp intraday rally.