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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AUDGF: