Ai-Media Technologies's 4Q results were broadly in-line with Morgans expectations, and showed a return to revenue growth.

While forecasts are relatively unchanged, the target falls to $0.755 from $1.09 on lower peer multiples, a lower growth outlook and a higher assumption for weighted average cost of capital (WACC).

The broker estimates a compelling free cash flow yield for FY23 and retains its Add rating.

Sector: Commercial & Professional Services.

Target price is $0.76.Current Price is $0.34. Difference: $0.42 - (brackets indicate current price is over target). If AIM meets the Morgans target it will return approximately 55% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena