Audinate's acquisition of Iris Studio strategically sound, Morningstar says

Audinate

29/06/2025 20:05

** Morningstar says tech co Audinate's AD8.AX acquisition of U.S-based cloud video platform Iris Studio "strategically sound"

** Says acquisition is "value-neutral"; maintains A$19/share fair value estimate

** Adds deal consistent with Audinate's strategy to grow its nascent video networking and control segment

** "We believe market is overreacting to temporary headwinds as signs of deteriorating competitiveness or a saturated market" - Morningstar

** Analysts on average rate the stock "buy"; their median PT is A$10.06 - LSEG data

** Stock down 0.1% this year

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))