Billion Dollar Baby, page-108

James Mickleboro | February 22, 2019

Nearmap Ltd (ASX: NEA)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and lifted the price target on this aerial imagery company’s shares to $3.00 following its strong first half result. According to the note, the broker believes that the strong annualised contract value (ACV) and sales momentum in the first half will carry through to the second half and FY 2020 due to the seasonal skew in Nearmap’s sales. I agree with Morgan Stanley on Nearmap and feel it could be a good option for growth investors.

https://www.fool.com.au/2019/02/22/brokers-name-3-asx-shares-to-buy-today-29/