Take Bell Potter with a huge pinch of salt, John Hester has been calling a +$10 PT for probably >24 months now. On their 'Outlook for FY22' released on 21st December 2022 he had a PT of $9.80 (share price was $3.39 at the time of posting). I sure hope no BP clients have been taking that professional advice.
A search on historic AFR articles will also help a reader understand why Bell Potter in particular have always been bullish on Avita.
Ann: Quarterly Financial Report (Form 10-Q), page-25
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