- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
