Audinate's acquisition of Iris Studio strategically sound, Morningstar says
ReutersJun 29, 2025 7:05 PM
Morningstar says tech co Audinate's AD8.AX acquisition of U.S-based cloud video platform Iris Studio "strategically sound"
Says acquisition is "value-neutral"; maintains A$19/share fair value estimate
Adds deal consistent with Audinate's strategy to grow its nascent video networking and control segment
"We believe market is overreacting to temporary headwinds as signs of deteriorating competitiveness or a saturated market" - Morningstar
Analysts on average rate the stock "buy"; their median PT is A$10.06 - LSEG data
Stock down 0.1% this year
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