Forecasting The Future: 6 Analyst Projections For Matterport

In the last three months, 6 analysts have published ratings on Matterport MTTR, offering a diverse range of perspectives from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $4.5, a high estimate of $5.50, and a low estimate of $3.00. Witnessing a positive shift, the current average has risen by 3.93% from the previous average price target of $4.33.

Deciphering Analyst Ratings: An In-Depth Analysis

The perception of Matterport by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Matterport. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Matterport compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Matterport's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Matterport's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

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Get to Know Matterport Better

Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space. The Company recognizes revenue from subscription, license, services and sale of products. Majority of the revenue is generated in the form of subscription fees which it receives from the customers for providing them access to Matterport platform.

Understanding the Numbers: Matterport's Finances

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Challenges: Matterport's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -3.88%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Matterport's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -111.13%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Matterport's ROE excels beyond industry benchmarks, reaching -8.22%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Matterport's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -7.54%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.0, Matterport adopts a prudent financial strategy, indicating a balanced approach to debt management.

What Are Analyst Ratings?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.