Jefferies cuts PT for Australia's Audinate on economic uncertainty

Audinate

12/03/2025 18:34

** Jefferies pushes down its price target for shares of Audinate AD8.AX to A$9.50 from A$12.00, retains "buy" rating

** Brokerage revises down its earnings forecast for the audio technology co, reflecting an uncertain macroeconomic environment

** However, retains "buy" based on assumptions that the worst of the industry decline is over, also highlights its solid medium-term investment thesis

** Shares down 3.7% at A$6.810 as of last close, in tandem with benchmark losses as investors remain confused amid uncertainty around U.S. tariff policies and their impact on the global economy

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))