Morgan Stanley issued an updated target this morning of $1.80...

Morgan Stanley issued an updated target this morning of $1.80 for June 2019 with Bear case $.80 and Bull Case $2.60.
Also from the update an expectation of positive free cash flow in FY19:

"A nice beat - 41% organic ACV growth: NEA previously guided to sustained sales efficiency (new ACV/direct sales cost) of 95-101%;essentially implying that incremental ACV added in 2H will be in line with the record 1H ACV of A$7.4m. Instead it delivered A$12m. Little other colour on trading was provided. But it appears the take up of additional product, increased usage and lower churn were keen drivers in Australia, whilst larger customer adds were key to the US result. We lift revenue forecast implying NEA reaches FCF positive in FY19."