Northland Capital Markets Downgrades Matterport to Market Perform, Announces $5.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Michael Latimore downgraded Matterport (NASDAQ:MTTR) from Outperform to Market Perform and set a new price target of $5.5.
April 23, 2024 | 4:40 pm
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Matterport was downgraded by Northland Capital Markets from Outperform to Market Perform with a new price target of $5.5.
The downgrade from Outperform to Market Perform by a notable analyst could lead to a negative perception among investors, potentially causing a short-term decrease in Matterport's stock price. The new price target of $5.5 also suggests a valuation adjustment that investors will likely factor into their trading decisions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100