Ann: Full Year Earnings Upgrade, page-238

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comment from UBS on DJ news feed

"[Dow Jones] Appen's consensus-beating FY18 result doesn't change UBS's expectation that the Aussie machine-learning specialist will double its revenue within five years. "We believe we are at a global inflection point for the Artificial Intelligence industry and therefore fast approaching a wave of mass adoption," UBS says. "Strong industry tailwinds and robust market positioning give us comfort in our 5-year revenue compound annual growth rate of 20%." The investment bank lifts its price target on Appen by 50% to A$24.00/share"