Mttr stock price analyst consensus on MTTR stock price

Analyst consensus on MTTR stock price remains at “Hold,” but several brokers have recently nudged price targets higher, citing operational efficiency improvements. The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business. On July 29, Matterport announced a partnership and investment in technology company SIMLAB. SIMLAB focuses on the digitization of buildings across the design and construction phases. SIMLAB also creates software toolkits to assist engineering, construction, and architecture teams in communicating effectively at all project stages. Seasonality trends suggest MTTR stock price tends to perform stronger in Q2, coinciding with higher real estate transaction volumes — a primary sector for the company’s solutions.