Balanced Portfolio Recommendation: Buy 2% Audinate (AD8)

Analysts have price targets of $22 to $23 for AD8. It’s considered a well managed, high-quality company with a large and highly-winnable market opportunity.

The group’s network effects, existing customer relationships, along with the scale of R&D, should accelerate the AV industry’s transition toward digital audio networking, according to the broker.

The analyst believes Audinate will gradually usher more AV professionals into higher-tier software subscriptions and increase prices per tier over time. The nascent video networking business also holds significant promise

AD8 has been one of MPC Markets favourite stocks over the recent years as it has trended strongly higher and maintains a best of class tech. It has recently fallen quite sharply from a high of $23 and is now down around the $15 level. This is a 35% correction and meant that AD8 has been picked up on some of the value models to be a reasonable levels. $15 has been a good area of support in late 2023, so we are looking to Buy AD8 here with a 2% allocation as a starter position. This means we will look to add to the position should it drop down to $13, which is the next level of support. We will also look to add more should AD8 bounce from current levels as we think AD8 will eventually be back making new highs again