Airtasker's 2Q trading update was broadly positive, in Morgans estimation. The business achieved positive free cash flow (FCF) and revenue increased by 8% over the period. The latter was assisted by the marketplace improving its take rate to 20%, up 60bps on Q1.

After the analyst makes upward revisions to FY25-26 revenue estimates on an improved take-rate, the target rises to 54c from 53c. Add.

Sector: Media.

Target price is $0.54.Current Price is $0.27. Difference: $0.27 - (brackets indicate current price is over target). If ART meets the Morgans target it will return approximately 50% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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