Tiger Brokers

BUZZ-Australia's Jumbo Interactive falls as Citi cuts PT on AI valuation risks

Reuters
Mar 09
BUZZ-Australia's <a href="https://laohu8.com/S/JBINF">Jumbo Interactive</a> falls as Citi cuts PT on AI valuation risks

** Shares of Australia's Jumbo Interactive JIN.AX fall as much as 4.8% to A$8.43

** Analysts at Citi cut PT of the digital lottery specialist to A$9.9/shr from A$11.8/shr, maintain "Neutral" stock rating

** Brokerage says "AI risk discount is now impacting SaaS company valuations globally"

** Revises EBITDA forecast to -2% in FY26 and 1% in FY27

** "Risks are likely to weigh on investor sentiment for forseeable future until any impacts become clearer" - Citi

** Seven of 10 analysts rate the stock "buy" or higher, two "hold" and one "sell" or lower; their median PT is A$13.35 – LSEG data

** Stock down 23.1% YTD

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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