Re, (Morgan Stanley analyst covering for them) Top brokers name...

Re, (Morgan Stanley analyst covering for them)

Top brokers name 3 ASX shares to buy

James Mickleboro | July 11, 2018


The Nearmap Ltd (ASX: NEA) share price has continued its positive run and is up 4% to $1.41 a day after the release of its preliminary results. One broker that was impressed was Morgan Stanley. According to a broker note out of the investment bank, its analysts have retained their overweight rating and lifted the price target on Nearmap’s shares to $1.80 following the results release.


https://www.fool.com.au/2018/07/11/top-brokers-name-3-asx-shares-to-buy-9/

Also:

Why Did Nearmap’s Share Price Surge 21% Yesterday?
11.7.2018

Shares of Nearmap Limited [ASX:NEA] increased in value by over 21% yesterday, after releasing its preliminary full-year results for 2018.
The aerial imagery company’s shares are currently trading at $1.35 — 23.5 cents up from the prior trading day.
Nearmap is a software and mapping company which has developed technology to provide the most current, high-resolution images of urban and regional areas in both Australia and the US.
Nearmap’s preliminary results for 2018

The company is expecting its annualised contract value (ACV) to be above guidance at $66.2 million, up 41% from the previous year.
Nearmap said that its US operations experienced its largest annual ACV growth ever, more than doubling in size, increasing by 143% to 12.9 million.
Chief Executive Officer of Nearmap, Rob Newman, said:
‘We are encouraged by these results and the progress we are making in building our subscription bases both in the US and Australia. Having invested in market leading technologies, expanded our sales and marketing capabilities and built a highly scalable model, we are pleased to deliver record growth.’
What can you expect to see next from Nearmap?

It’s no wonder why investors are excited by the good news — who isn’t excited by a business more than doubling in size!
The company has experienced incredible growth since the beginning of the year, increasing over 87%. If they continue with this sort of momentum, Nearmap could be a stock worth keeping an eye on.
Nearmap will report its 2018 full-year results on 22 August.
Regards,
Dannielle Rawlings,
For Money Morning
PS: Nearmap’s share price has increased over 80% in the past six months. Our Analyst Sam Volkering believes that the biggest potential gains are in small-cap stocks, just like Nearmap, ...

https://www.moneymorning.com.au/20180711/why-did-nearmaps-share-price-surge-21-yesterday.html