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
$17.08 |
Change
0.330(1.97%) |
Mkt cap ! $1.419B |
Open | High | Low | Value | Volume |
$16.55 | $17.17 | $16.50 | $2.292M | 135.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 1149 | $17.08 |
Sellers (Offers)
Price($) | Vol. | No. |
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$17.14 | 767 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 501 | 17.030 |
3 | 790 | 16.950 |
2 | 2000 | 16.860 |
1 | 1190 | 16.740 |
1 | 500 | 16.550 |
Price($) | Vol. | No. |
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17.260 | 1000 | 1 |
17.320 | 2500 | 1 |
17.350 | 2500 | 1 |
17.450 | 500 | 1 |
17.480 | 90 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$17.13 |
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Change
0.330 ( 2.47 %) |
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Open | High | Low | Volume | ||
$16.56 | $17.16 | $16.56 | 9895 | ||
Last updated 15.59pm 24/05/2024 ? |
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