Damstra Holdings' result was pre-guided. For Morgan Stanley, most attention will be focussed on the the outlook, specifically the growth versus cash-burn trade-off.
FY23 guidance metrics appear to be in line with the broker's forecasts. But the second half gross margin fell to 66.7% versus 73.4% in the first half, and 78.9% in FY21.
The broker remains Equal-weight with a 22c target and continues to see other, more compelling, opportunities in the software space.
Sector: Software & Services.
Target price is $0.22.Current Price is $0.18. Difference: $0.04 - (brackets indicate current price is over target). If DTC meets the Morgan Stanley target it will return approximately 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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