Business
Leading broker names Nearmap (ASX:NEA) as a buy
The Nearmap Ltd (ASX: NEA) share price will be one to watch this morning after it was the subject of a bullish broker note out of Goldman Sachs.
What did Goldman Sachs say?
According to the note, Goldman Sachs has upgraded the aerial imagery technology and location data company’s shares to a buy rating with a $2.75 price target.
Based on the latest Nearmap share price, this price target implies potential upside of almost 29% over the next 12 months.
Why is the Nearmap share price in the buy zone?
There are a number of reasons why Goldman believes that Nearmap share price is in the buy zone right now.
These include its attractive valuation relative to peers, its strong balance sheet, and the broker’s expectation for a strong…
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