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Investing.com - Stifel Canada initiated coverage on Intermap Technologies Corp (TSX:IMP) with a Buy rating and a price target of C$5.00.
The research firm describes Intermap as a geospatial analytics company with industry-leading 3D mapping solutions, but suggests investors should view it as a defence-tech company that owns a substantial geospatial database.
Stifel notes that Intermap’s data is sourced from multiple sensors, making it cost-effective and scalable, with its most valuable data coming from the company’s SAR technology, which provides a competitive advantage.
The firm highlights that Intermap operates as a dual-use government contractor, which helps maintain technological superiority and exposure to growing defense spending.
Stifel also points out that Intermap has completed a multi-year capital, technology, and product restructuring, which it believes reduces risk for investors, with potential significant revenue growth serving as a key near-term catalyst.
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