Recommendations

Brendon Lau: Audinate Group Ltd (ASX: AD8)

Audinate Group’s technology is well placed to become the de facto standard in the music and audio industry. The recent pullback in the Audinate share price from its high of $8.54 represents a good buying opportunity as the stock is trading on a relatively modest market cap of under $500 million. If Audinate’s technology does become an industry benchmark, its share price should be worth a lot more.

Motley Fool contributor Brendon Lau owns shares of Audinate Group Ltd.

Audinate Group Ltd (ASX: AD8)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $10.30 price target on this digital Audio-Visual networking technology provider following its investor day event. The broker left the event feeling even more confident in the company’s prospects thanks to its competitive advantage and long-term growth opportunity. Morgan Stanley also appears confident in Audinate’s opportunity in the video market. I agree with the broker and believe it is one of the best small cap shares on the ASX.