Atturra's 1H result was largely in line with pre-released numbers, notes Morgans. As previously flagged, earnings (EBITDA) and profit were fell year-on-year due to a large number of deal-related one-offs.

Management reiterated both FY24 revenue guidance and underlying EBITDA guidance.

The broker's forecasts are largely unchanged and the Add rating and $1.05 target are maintained.

Sector: Software & Services.

Target price is $1.05.Current Price is $0.89. Difference: $0.16 - (brackets indicate current price is over target). If ATA meets the Morgans target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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