From the MF
13.6.2021
Two growing ASX strains that deserve your attention
1 hour agoIn the Australian stock market, there are many options for investors to choose from.
Here are two things that are worth knowing about: Here’s what you need to know about these growing companies:
The first ASX share to check is Nearmap. This is an aerial imaging technology and location data company operating in Australia and North America.
Nearmap products give businesses instant access to high-resolution aerial images, city-scale 3D datasets, and integrated geospatial tools. This means that users can make virtual site visits wherever there is coverage, without leaving their home or office. The company states that this will enable informed decision making, streamlined operations, and significant cost savings.
Another advantage is that Nearmap has recently strengthened its offering with the launch of several new products and add-ons. This includes artificial intelligence products with great potential.
In addition, although the company has some legal issues, management believes the complaint has no merit and will actively defend the complaint. Recent important insider purchases seem to show confidence in this.
Morgan Stanley is a fan of the company. Currently, the company’s stock has an overvalue and a $ 3.20 price target. This is compared to the latest Nearmap stock price of $ 1.87.
