🔮   Matterport Stock: A Cautious Hold With Limited Upside Before Acquisition

Finance

Shares of 3D spatial mapping firm Matterport (NASDAQ:MTTR) have surged over the past year. The stock is up more than 62% year-to-date (YTD), crushing the S&P 500’s 15% gain over the same period. Much of Matterport’s stock’s momentum stems from excitement over its AI-powered features and its pending acquisition by CoStar Group (NASDAQ:CSGP). The $5.50 per share offer represents a sizeable premium over current prices, which makes it an appealing exit for existing investors. However, across various growth and discount rate scenarios, MTTR stock appears disconnected from its underlying fundamentals. For now, MTTR stock remains a cautious hold. Given the buy-out offer’s significant premium over current prices, and considering the transaction has been approved already, it's unlikely ...

seekingalpha.com     Sep 13, 2024