Main Content

Mttr stock price closed just shy of its weekly high

Model: NS-40F401NA26
SKU: 6614066
$119.00
Comp. Value: $649.000
or
4 payments starting at$29.75
with
Sold By Best Buy

More Buying Options

MTTR stock price closed just shy of its weekly high, suggesting sustained buying interest. Traders are watching $6.70 as a critical resistance that, if breached, could open the door to a $7.20 test. The consensus price target fell 15% to US$3.75despite the forecast for smaller losses next year. It looks like the ongoing lack of profitability is starting to weigh on valuations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Matterport, with the most bullish analyst valuing it at US$5.00 and the most bearish at US$2.75 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock In the last quarter, MTTR stock price rose 12.3% amid improving SaaS billings growth. Analysts caution that sustaining this pace will require acceleration in customer acquisition at stable CAC ratios.