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.
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Last
$15.70 |
Change
-0.290(1.81%) |
Mkt cap ! $1.304B |
Open | High | Low | Value | Volume |
$15.80 | $16.06 | $15.69 | $3.391M | 214.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $15.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.80 | 275 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1000 | 15.690 |
1 | 684 | 15.670 |
4 | 3070 | 15.650 |
2 | 744 | 15.630 |
1 | 684 | 15.610 |
Price($) | Vol. | No. |
---|---|---|
15.810 | 684 | 1 |
15.840 | 684 | 1 |
15.860 | 684 | 1 |
15.880 | 684 | 1 |
15.900 | 400 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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AD8 (ASX) Chart |