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Lionsgate Studios Stock Rallies 8% After Strong Box Office Opening for ‘Michael’

Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated Apr 29, 2026

Key Stats for Lionsgate Studios Stock

  • Price change for Lionsgate Studios stock: 8%
  • $LION Share Price as of Apr. 27: $12
  • 52-Week High: $13
  • $LION Stock Price Target: $12

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What Happened?

Lionsgate Studios (LION) stock surged for a third straight session on Monday, closing up 8% at $12.24.

The catalyst was hard to miss.

  • The company’s new film, Michael, a biopic about Michael Jackson, opened to $217 million globally in its first weekend.
  • That’s well above the $50 to $70 million that analysts had expected before release.
  • The domestic haul came in at $97 million, with international markets contributing another $120 million.
  • It also became Lionsgate’s biggest opening since the pandemic, topping even The Hunger Games: Mockingjay Part 2, which opened to $102.7 million.
  • Adding fuel to the move, Benchmark raised its price target on Lionsgate Studios stock from $12 to $15 while keeping a buy rating.
  • That implies about 22.5% upside from Monday’s close.

The result wasn’t a total surprise to anyone following the company closely. On the Q3 earnings call in February, CEO Jon Feltheimer described trailer views for Michael as breaking records for a music biopic.

He said every data point going into the release was tracking in a “very, very strong” direction. It appears those signals were right.

LION Stock Revenue and EBIT Estimates in Billion USD (TIKR)

There was also some corporate news in the mix.

  • Lionsgate updated its employment contract with Feltheimer, granting him options to buy 4.5 million shares at $11.07 and granting him restricted stock units tied to specific price targets and tenure.
  • It’s a clear signal that the board is betting on his strategy for the long haul.

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What the Market Is Telling Us About Lionsgate Studios Stock

Lionsgate Studios’ stock has been a slow-burning story, with the company quietly rebuilding its franchise pipeline and library.

Michael is the kind of result that quickly changes the narrative. A $217 million global opening puts Lionsgate back in conversation as a legitimate theatrical player.

LION Stock Valuation Model (TIKR)

The Q3 call also highlighted some encouraging fundamentals.

  • Library revenue hit a record $1.05 billion on a trailing 12-month basis.
  • Twelve of thirteen scripted TV series were renewed.
  • Fiscal 2027 is shaping up to be significantly stronger, with Hunger Games: Sunrise on the Reaping and other tentpoles in the pipeline.

Lionsgate Studios stock may have more room to run if Michael holds well in its second weekend.

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How Much Upside Does Lionsgate Studios Stock Have From Here?

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  2. Operating Margins
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From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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