- Credit Suisse analyst John Walsh raised the price target on Matterport Inc MTTR to $34 from $25, implying 25% upside, and kept an Outperform rating on the shares.
- The analyst is removing his previous split multiple valuations for Matterport as he expects 86% of revenue to be ARR in 2025.
- Further, Walsh expects Matterport to benefit from camera R&D investments at Apple Inc AAPL and Android device manufacturers, which will reduce the company's need for in-house hardware.
- Price Action: MTTR shares traded higher by 4.26% at $27.16 on the last check Tuesday.
AAPLApple Inc
$202.23-1.16%
Edge Rankings
Momentum
68.17
Growth
45.08
Quality
84.49
Value
8.03
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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