Jumbo Interactive's underlying earnings (EBITDA) were a -5% miss against Morgans forecast and the broker lowers its FY23 and FY24 earnings estimates by -2%. The target falls to $16.50 from $17.00.

While digital penetration of lottery tickets in Australia took a slight dip industry wide in the 1H (as highlighted by management), the analyst doesn't foresee a reversal for the longer-term rising trend. Add.

Sector: Consumer Services.

Target price is $16.50.Current Price is $14.45. Difference: $2.05 - (brackets indicate current price is over target). If JIN meets the Morgans target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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