What's Going On With Matterport Inc Stock?
Portfolio Pulse from Erica Kollmann
Matterport, Inc. (NASDAQ:MTTR) reported better-than-expected Q3 financial results, beating analyst consensus estimates for both losses per share and sales. The company also raised its full-year guidance due to strong demand for digital twins and robust gross margins. Piper Sandler and Morgan Stanley analysts maintained their ratings but adjusted their price targets. The stock is trading higher with heavy volume.
November 07, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Matterport's better-than-expected Q3 results and raised full-year guidance have led to a surge in its stock price. Analysts have maintained their ratings but adjusted their price targets.
Matterport's strong Q3 results and raised guidance indicate a positive outlook for the company, which is reflected in the stock's price surge. The heavy trading volume suggests increased investor interest. Analysts' adjustments to their price targets also influence the stock's short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100