Loop Capital Downgrades Matterport to Hold, Raises Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Yun Kim downgraded Matterport (MTTR) from Buy to Hold while raising the price target from $5 to $5.5.

April 23, 2024 | 1:57 pm
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Matterport's downgrade from Buy to Hold by Loop Capital, with a price target increase to $5.5, reflects a cautious yet slightly more optimistic valuation.
The downgrade to Hold suggests a neutral outlook on Matterport's stock, indicating that the analyst sees limited upside potential from current levels. However, the increase in the price target to $5.5, up from $5, suggests a slight improvement in the valuation perspective. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price around the new target level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100