Jefferies analyst Wei Sim upgraded Audinate to Buy from Hold with a price target of A$11, down from A$18. While the firm adjusts forecasts for preliminary FY24 results and FY25 guidance, it views current headwinds as non-structural in nature and despite the near-term caution finds “no evidence” that the “investment thesis over the medium-term is broken,” the analyst tells investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AUDGF: