Nearmap (ASX:NEA) targets return of 20-40% year-on-year growth // Motley Fool Australia

The Nearmap Ltd (ASX: NEA) share price is less than 4% down from where it started the year. And if the company can achieve its forecast of a return to 20-40% year-on-year growth, shares could well trend higher.

Nearmap had a good start to the trading day this morning, with the share price up 0.4% in early morning. That came as the wider S&P/ASX 200 Index (ASX: XJO) posted a 1.2% gain in the first 20 minutes of trading.

Since then, as you likely know, the ASX has been shuttered due to an as yet unexplained market outage.

What does Nearmap do?

Nearmap was founded in 1998 in Perth, Western Australia. The company provides high resolution aerial imagery technology and location data for companies and government customers across…