Judges Scientific (JDG – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Vanessa Jeffriess from Jefferies reiterated a Hold rating on the stock and has a p8,500.00 price target.
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Vanessa Jeffriess’s rating is based on a combination of factors including Judges Scientific’s financial performance and market conditions. The company’s FY24 results aligned with expectations, showing an improvement in cash flow during the second half of the year. Additionally, the outlook for FY25 is expected to meet consensus, which is a positive indicator amidst industry uncertainties.
However, despite these positive aspects, there are concerns regarding potential risks in the US market, particularly related to research funding cuts and delays in customer orders. These factors contribute to a cautious stance, leading to the reiteration of a Hold rating. While the valuation has become more appealing and the company has a strong track record of value creation and growth, there is uncertainty about the necessary margin recovery to drive a re-rating of the shares this year.