Macquarie's bad information here is laughably worse than no...

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anerky

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13/04/22

09:49

Post #: 60823263
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Originally posted by birdman29: ↑

April 12, 2022 10:36 AM

...

Macquarie downgraded Nearmapto neutral from outperform with a target price of $1.40. The broker believes that the aerial imagery company is set to face headwinds penetrating the North American market for the claims insurance segment due to being late to the game. Macquarie cited that its competitor EagleView holds strong measuring technology patents compared to the company as Nearmap faces limitations on software integration. Shares are trading 0.7 per cent lower at $1.39.

Tue, 12 Apr at 5:56 pm
Nearmap Ltd
The Nearmap share price is down 3.5% to $1.34. This appears to have been driven by weakness in the tech sector and a broker note out of Macquarie. In respect to the latter, its analysts have downgraded the aerial imagery technology company’s shares to a neutral rating with a $1.40 price target. The broker believes Nearmap may be too late to the party to win the North American claims insurance market.

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Macquarie's bad information here is laughably worse than no information at all.
There's way more to the Insurance vertical than the lazy roofer's game that EV have a track record in.

It's as though they try and perform analysis within a 15 minute window, while fed some bullet points off google searching. I've really yet to see any useful and even mildly informed analysis from any of the brokers.

NEA Price at posting: $1.34 Sentiment: Buy Disclosure: Held
10 Upvote

2 Great analysis

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