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Technology Stocks : Matterport (MTTR)
MTTR 5.3800.0%Feb 28 3:00 PM EDT
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From: Cooters11/24/2021 11:46:01 AM
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Credit Suisse Bumps Up Matterport Price Target By 36% Thanks To Apple
10:02 am ET November 23, 2021

Credit Suisse analyst John Walsh raised the price target on Matterport Inc (NASDAQ: MTTR) to $34 from $25, implying 25% upside, and kept an Outperform rating on the shares. The analyst is removing his previous split multiple valuations for Matterport as he expects 86% of revenue to be ARR in 2025. Further, Walsh expects Matterport to benefit from camera R&D investments at Apple Inc (NASDAQ: AAPL) and Android device manufacturers, which will reduce the company's need for in-house hardware.
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