September 13, 2020 8:00amNearmap Ltd (ASX: NEA)
A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating and lifted the price target on this aerial imagery technology and location data company’s shares to $3.20. Its analysts appear pleased with its capital raising and expect it to support its future growth in the key United States market. In light of this, it has upgraded its annualised contract value estimates for the coming years. I think Macquarie is spot on and Nearmap could be a great long term option for investors.
