The stock of MTTR, or Matterport Inc., has been quite volatile in recent weeks, leaving investors wondering whether it’s a good buy or sell at its current price levels. To help shed some light on this question, let’s take a closer look at the opinions of experts in the field.
MTTR is a software company that specializes in providing digital twins for real estate and other industries. Its stock has seen some ups and downs since its initial public offering in July 2021, with a significant drop in October following the release of its third-quarter earnings report.
One expert, analyst Peter Lowry from Goldman Sachs, recently downgraded MTTR from a buy rating to a neutral rating, citing concerns about the company’s growth prospects. Lowry noted that while MTTR’s technology is impressive, the stock may be overvalued at current levels.
On the other hand, another analyst, Mark Mahaney from RBC Capital Markets, has maintained his buy rating on MTTR, considering the company’s potential for long-term growth in the real estate technology space. Mahaney sees MTTR as a leader in its industry and believes the stock has the potential to deliver strong returns over time.
Overall, opinions on MTTR stock are mixed among experts, with some suggest caution due to valuation concerns and others highlighting the company’s growth potential. Investors should consider their own risk tolerance and investment goals when deciding whether to buy or sell MTTR at current price levels.
Ultimately, it’s essential to do thorough research and due diligence before making any investment decisions. As always, consult with a financial advisor or trusted professional to help guide you in making the best choice for your portfolio.