Focusrite PLC 38.3% potential upside indicated by Berenberg Bank

Focusrite PLC with ticker (LON:TUNE) now has a potential upside of 38.3% according to Berenberg Bank.

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Berenberg Bank set a target price of 410 GBX for the company, which when compared to the Focusrite PLC share price of 297 GBX at opening today (06/09/2024) indicates a potential upside of 38.3%. Trading has ranged between 245 (52 week low) and 610 (52 week high) with an average of 108,548 shares exchanging hands daily. The market capitalisation at the time of writing is £174,082,192.

Focusrite plc is a United Kingdom-based audio technology company, which develops and markets hardware and software solutions. The Company trades under 13 brands, including Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research Sequential, Oberheim, Sonnox, OutBoard and TiMax. It has a global customer base with a distribution network covering approximately 240 territories. It operates through six segments: Focusrite, Novation, ADAM Audio, Martin Audio, Sequential and Sonnox. Focusrite segment is engaged in selling Focusrite and Focusrite Pro branded products. Novation is engaged in selling novation or Ampify branded products. ADAM Audio is engaged in selling ADAM Audio branded products. Martin Audio is engaged in selling Martin Audio, Optimal Audio and Linea Research branded products. Sequential is engaged in selling Sequential-branded products. Its subsidiaries include Focusrite Audio Engineering Limited, ADAM Audio GmbH, and other.