Jefferies analyst Wei Sim downgraded Audinate (AUDGF) to Hold from Buy with a price target of A$7.50, down from A$9.50. The firm sees the company struggling to experience networked audio industry growth.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AUDGF:
- Audinate Group to Release FY25 Financial Results and Host Investor Webinar
- Audinate Group Expands with Acquisition of Iris Studio
- Audinate Group Expands Market Presence with New Securities Quotation
- Audinate Group Completes Acquisition of Iris Studio Inc to Enhance Video Capabilities
- Audinate Group Limited Announces Cessation of Performance Rights