MS cuts PT, rating for Australia's Audinate on near-term growth headwinds

Audinate

18/09/2025 06:20

** Analysts at Morgan Stanley sharply lower price target for Australia's Audinate Group AD8.AX to A$5 from A$11; downgrade rating to "equal-weight" from "overweight"

** Audinate, the digital audio-visual solutions firm, was last trading up 0.2% at $4.66; fell as much as 4.7% earlier in session

** Brokerage predicts higher operating expenses and cash burn in FY26; also cites broader demand uncertainty

** Says few growth catalysts visible in the near-term

** Forecasts EBITDA loss of A$5.4 million ($3.58 million) in FY26, vs previous forecast of A$4.2 million profit

** Also forecasts EBITDA loss of A$1.2 million in FY27, vs previous view of A$11.3 million profit

** Stock down 37.1% YTD, including the session's moves

($1 = 1.5078 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))