AU contract, page-2

September 8, 2020

Nearmap Ltd(ASX: NEA)

The Nearmap share price has been flying under the radar. Since its low in late March, shares in the aerial mapping company have surged nearly 240%. I still think shares in Nearmap could go higher in September.

Despite the harsh trading environment induced by the pandemic, Nearmap reported a solid FY20. The company saw a lift in annualised contract value (ACV) and also reported a 25% increase in statutory revenue for the full year. Given that Nearmap’s services are classified as essential, I think that the company can deliver strong growth in September and beyond.

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