Macquarie rates AD8 as Downgrade to Neutral from Outperform (3) -In updating its model for Audinate Group, Macquarie notes Pro AV market growth is GDP-linked due to the timing of equipment-upgrade cycles. The broker raises terminal penetration to reflect the structural trend of analogue to digital networking.Although Audinate is dominant in the audio hardware market, this is 16.5% of Macquarie's estimated terminal total addressable market and Video & Software opportunities are early-stage.The broker continues to like Audinate, with delivery on its strategy of growing the Dante-enabled network. However, with well-flagged M&A on the horizon and associated execution and reinvestment risks, Macquarie downgrades to Neutral from Outperform.Target rises to $15.80 from $13.50.Target price is $15.80 Current Price is $17.29 Difference: minus $1.49 (current price is over target).If AD8 meets the Macquarie target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).Current consensus price target is $14.34, suggesting downside of -10.9% (ex-dividends)The company's fiscal year ends in June.
- Forums
- ASX - By Stock
- AD8
- AD8 TA
AD8 TA, page-73
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AD8 (ASX) to my watchlist
|
|||||
Last
$16.40 |
Change
-0.330(1.97%) |
Mkt cap ! $1.362B |
Open | High | Low | Value | Volume |
$16.82 | $17.07 | $16.37 | $2.387M | 143.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 232 | $16.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.41 | 209 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 490 | 16.370 |
1 | 841 | 16.360 |
1 | 3372 | 16.350 |
1 | 847 | 16.340 |
1 | 1014 | 16.330 |
Price($) | Vol. | No. |
---|---|---|
16.410 | 209 | 1 |
16.450 | 46 | 1 |
16.530 | 849 | 2 |
16.560 | 4219 | 2 |
16.580 | 847 | 1 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
AD8 (ASX) Chart |