Business
Where next for the Nearmap (ASX:NEA) share price?
The Nearmap Ltd (ASX: NEA) share price appears to have put its short seller attack behind it.
This afternoon the aerial imagery technology and location data company’s shares closed the day around 1% higher at $2.11.
This means the Nearmap share price is now up 23% since coming out of its trading halt.
It is also trading 11.1% higher than where its shares were trading prior to the release of the short seller report.
Can the Nearmap share price go even higher?
According to a note out of Goldman Sachs, it believes the Nearmap share price can still go higher from here.
In response to its half year results, this morning the broker reaffirmed its buy rating and increased its price target on the company’s shares by 7% to $2.95.
Based…
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