0402 GMT - Audinate's bull at Canaccord Genuity reckons that the stock's revenue multiple is too low given the audio-visual tech company's market leadership and widened product range. Analyst Owen Humphries tells clients in a note that Audinate's new Iris Studio--which allows cloud-based remote control of cameras and other devices through a web browser interface--extends the Australia-listed company's reach into distributed production and broadcast workflows. Potential subscribers include sports broadcasters, universities and governments, Humphries says. He anticipates revenue acceleration, helped by cost reductions in Audinate's video division. His forecasts imply an enterprise value of 4.5 times fiscal 2026 sales revenue. Canaccord Genuity keeps a buy rating and A$8.50 target price on the stock, which is up A$0.4% at A$4.53. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 07, 2025 23:02 ET (04:02 GMT)
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