Morgan Stanley picks 3 emerging stocks to buy from the reporting...

Morgan Stanley picks 3 emerging stocks to buy from the reporting season

https://www.fool.com.au/2018/08/24/...ging-stocks-to-buy-from-the-reporting-season/


The third emerging stock to make the list is mapping solutions company Nearmap Ltd (ASX: NEA).
The thing that got the broker excited is the acceleration in its reported annualised contract value (ACV) that is driven by improved sales productivity, good traction from its new products and lower churn.

“Add to that FY19 guidance of FCF breakeven and we see scope either to extract meaningful leverage or significantly expand the offer – geographically and functionally,” said Morgan Stanley.
The broker increased its price target on Nearmap to $2 from $1.80 per share."