Matterport Reaches Analyst Target Price
April 23, 2024 at 08:26 AM EDT
In recent trading, shares of Matterport Inc (MTTR) have crossed above the average analyst 12-month target price of $3.25, changing hands for $4.80/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..