Ai-Media Technologies's 1H result was broadly in line with Morgans expectations. It's felt profits will flow more easily in future now the inflection point in the transition to a SaaS business has passed.

Margins for the Saas business are nearly double the legacy business, explains the analyst.

Management noted "artificial intelligence is strengthening the company's moat in many areas".

The broker lowers its target to 70c from 75.5c after allowing for the 1H result and raising its risk free rate assumption. Add.

Sector: Commercial & Professional Services.

Target price is $0.70.Current Price is $0.33. Difference: $0.37 - (brackets indicate current price is over target). If AIM meets the Morgans target it will return approximately 53% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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