Piper Sandler Downgrades Matterport to Neutral, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has downgraded Matterport (NASDAQ:MTTR) from Overweight to Neutral and lowered the price target from $4 to $2.
October 23, 2023 | 8:47 am
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Matterport's rating has been downgraded from Overweight to Neutral by Piper Sandler, with a reduced price target of $2.
The downgrade from Overweight to Neutral by Piper Sandler, a well-known financial institution, along with a reduction in the price target, could negatively impact investor sentiment and potentially lead to a decrease in Matterport's stock price in the short term.
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