After reviewing Airtasker's October 24 "resilient" 1Q report, given the tough operating environment, Morgans slightly raises revenue forecasts though an increase in the assumed risk-free rate leaves the 53c target unchanged.

Highlights in the quarter for the broker included positive operating cash flows and an improved revenue performance due to an increased overall take-rate. Marketplace revenue grew by 10.5% on the previous corresponding period.

The Add rating and 53c target are unchanged.

Sector: Media.

Target price is $0.53.Current Price is $0.18. Difference: $0.35 - (brackets indicate current price is over target). If ART meets the Morgans target it will return approximately 66% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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