Mttr stock price

Matterport, Inc. (NASDAQ:MTTR) is increasingly capitalizing on the growing demand for 3D modeling technology across various industries, from real estate to virtual reality. In addition, the release of AI-powered features positions MTTR for enterprise adoption and workflow automation, potentially accelerating revenue growth in 2025. An important technological development is the incorporation of generative AI capabilities in the fall 2024 Release This move follows a big announcement for the immersive 3D digital twins company. CoStar Group (NASDAQ: CSGP ) announced via a press release earlier today that it plans to acquire Matterport for $5.50 per share. Shares traded near the $5 level today before cooling off, but it’s clear many in the market expect this deal to take place at or around the target price. This week, MTTR stock price has traded in sync with the broader digital twin sector, as peer companies reported better-than-expected SaaS margins. A close above $6.50 could signal a breakout from the current consolidation phase.