Tech companies often have a long runway to build up to significant earnings and profitability and can be the hardest hit by rising interest rates.
Despite this, QVG Capital believes Nearmap holds similar potential to WiseTech Global Ltd (ASX: WTC) and IDP Education Ltd(ASX: IEL), stating in a memo to clients that they offer “high customer value propositions and good unit economics tend to surprise positively along the journey”.
So it might not be too late to pick up Nearmap shares, at least from their point of view.
https://www.********.au/2022/09/16/up-100-in-3-months-is-it-too-late-to-buy-nearmap-shares/
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