BUZZ-Australia's Audinate falls tracking weaker tech stocks; Macquarie lowers PT

Reuters

Feb 10, 2025

BUZZ-Australia's Audinate falls tracking weaker tech stocks; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> lowers PT

** Shares of technology co Audinate AD8.AX fall 3.7% to A$7.07, tracking losses in Australian tech stocks .AXIJ

** Audinate is the second-biggest loser on the sub-index, which is down 1.3%

** The sub-index's performance is in tandem with Wall Street losses after U.S. President Donald Trump said he plans to announce reciprocal tariffs .N

** Macquarie lowers price target to A$7.70 from A$10.2, retains 'neutral'

** Says the cut reflects lowered earnings outlook for the next three years, accounting for lower sales and negative operating leverage

** Two analysts rate Audinate "buy", 5 "hold"; their median PT is A$9.23, according to data compiled by LSEG

** Stock fell 54.2% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> lowers PT</title></head><body><p>** Shares of technology co <span>Audinate</span> <span>AD8.AX</span> fall 3.7% to A$7.07, tracking losses in Australian tech stocks <span>.AXIJ</span></p><p>** Audinate is the second-biggest loser on the sub-index, which is down 1.3%</p><p>** The sub-index's performance is in tandem with Wall Street losses after U.S. President Donald Trump said he plans to announce reciprocal tariffs <span>.N</span></p><p>** Macquarie lowers price target to A$7.70 from A$10.2, retains 'neutral'</p><p>** Says the cut reflects lowered earnings outlook for the next three years, accounting for lower sales and negative operating leverage</p><p>** Two analysts rate Audinate \"buy\", 5 \"hold\"; their median PT is A$9.23, according to data compiled by LSEG</p><p>** Stock fell 54.2% in 2024</p><p> (Reporting by Nichiket Sunil in Bengaluru)</p><p> ((Nichiket.Sunil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AD8.AU","symbol_name":"AUDINATE GROUP LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250210:nL4N3P1081:1","article_id":"2510005603","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510005603","pubTimestamp":1739157034,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Audinate falls tracking weaker tech stocks; 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Macquarie lowers PT** Shares of technology co Audinate AD8.AX fall 3.7% to A$7.07, tracking losses in Australian tech stocks .AXIJ** Audinate is the second-biggest loser on the sub-index, which is down 1.3%** The sub-index's performance is in tandem with Wall Street losses after U.S. President Donald Trump said he plans to announce reciprocal tariffs .N** Macquarie lowers price target to A$7.70 from A$10.2, retains 'neutral'** Says the cut reflects lowered earnings outlook for the next three years, accounting for lower sales and negative operating leverage** Two analysts rate Audinate \"buy\", 5 \"hold\"; their median PT is A$9.23, according to data compiled by LSEG** Stock fell 54.2% in 2024 (Reporting by Nichiket Sunil in Bengaluru) ((Nichiket.Sunil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}