Australia's Audinate Group slips as Jefferies downgrades to 'hold'

Audinate

12/08/2025 04:38

Updates

** Shares of Audinate Group AD8.AX slip as much as 10.1% to A$5.820, posting their biggest intraday pct loss since late-October 2024

** Stock set for a third consecutive session of losses, if trend holds

** Analysts at Jefferies downgrade audio-visual hardware developer to "hold" from "buy" and lowers PT to A$7.5/shr from A$9.5/shr, expecting lower growth

** Lowers FY26 to FY28 gross profit growth forecast to 14%-15% from ~26%-27%

** Says difficult for co to sustain growth at historical levels as networked audio — the segment driving co's growth — has already proliferated most of AD8's target market

** In the absence of a market leader in the video segment, co would have to achieve a clear breakthrough amid industry competition in the segment to drive future growth - brokergae

** Stock last down 8.8%, takes YTD losses to 30.4%

 (Reporting by Shruti Agarwal and Kumar Tanishk in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))