Volpara posted a solid first quarter with 5 new SaaS customers added. Annual recurring revenue is on target to triple from FY17 levels, the broker notes.
The broker makes no change to forecasts and retains an Add rating and 81c target.
Sector: Health Care Equipment & Services.
Target price is $0.81.Current Price is $0.54. Difference: $0.28 – (brackets indicate current price is over target). If VHT meets the Morgans target it will return approximately 34% (excluding dividends, fees and charges – negative figures indicate an expected loss).