Goldman Sachs cites streaming growth, margin expansion for India's Amagi Labs; stock up
23/06/2026 06:52
BUZZ-Goldman Sachs cites streaming growth, margin expansion for India's Amagi Labs; stock up ** Shares of Amagi Media Labs AMAI.NS up 1% at 537.2 rupees
** Goldman Sachs maintains "Buy" on the cloud-based media technology provider, keeps PT at 480 rupees
** Says Amagi is seeing good traction across various markets in the streaming segment; AMAI says it can grow revenue in line with recent trends over the medium term
** GS says Amagi's business model has high operating leverage; expects margins to expand to 20% by FY30E and revenue to grow at CAGR of 20% over FY26-30E
** Flags negative impact from AI evolution and higher-than-expected revenue pressure in the cable/broadcasting industry as key risks
** Stock up 68.6% since listing on January 21
(Reporting by Mridula Kumar in Bengaluru)
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