AMS 2.63% 3.9¢ atomos limited

Ords start coverage with a buy

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    Ord Minnett rates AMS as Initiation of coverage with Buy (1) -
    Ord Minnett has initiated coverage with a Buy rating and a maiden price target of $1.75. Atomos is described as being an "innovative media device business". The broker observes NinjaV is a hit product with Pro Video users.

    Ord Minnett believes after three years of heavy investments, Atomos is now poised to leverage its significant R&D. Operating leverage is projected to drive ebitda and net profits growth to 49% and 71% per annum respectively for FY20-FY25. Revenues should grow by 21% per annum over the period.

    Target price is $1.75 Current Price is $1.35 Difference: $0.4
 
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