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Benzinga
Benzinga
Business
Shanthi Rexaline

Matterport Analyst Slashes Price Target By 30%: Spatial Data Company Stares At Triple Near-Term Risks

Matterport Piper Sandler Nasdaq

Matterport Inc (NASDAQ:MTTR) shares are receding on Friday after an analyst at Piper Sandler tempered his expectations concerning the spatial data company.

The Matterport Analyst: Weston Twigg maintained an Overweight rating for Matterport shares but reduced the price target from $10 to $7.

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