Wedbush analyst Daniel Ives maintained a Buy rating on Matterport on Monday, setting a price target of $38, which is approximately 14.98% above the present share price of $33.05.
Ives expects Matterport to post earnings per share (EPS) of -$0.86 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Matterport, with an average price target of $29.25.
The analysts price targets range from a high of $38 to a low of $20.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $27.66 million and a net profit of -$44.36 million. The company's market cap is $8.01 billion.
According to TipRanks.com, Wedbush analyst Daniel Ives is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.4% and a 76.01% success rate.
Matterport, Inc. is a spatial data company. Its AI-based platform allows users to create a 3D digital representation of any built space. The “digital twin” images it produces are useful for a wide range of industries, including real estate, hospitality, insurance, facilities management, construction, engineering and architecture. The company is headquartered in Sunnyvale, California.