Matterport: Buy These 3D Digital Assets On Weakness

  • Matterport reported minimal Q2'21 growth due to a shift to subscription models.
  • The spatial data company continues to capture massive growth in the subscriber base.
  • The stock is just too expensive at 20x '22 EV/S targets, but Matterport would be a solid purchase on dips.
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Over the last 5 months, Matterport (NASDAQ:MTTR) has traded mostly sideways to down while the business is booming. The company is transitioning the business model to a subscription service hiding the actual growth rates from unknowing investors. My investment thesis remains on the border of being bullish, telling investors to snap up the stock closer to $10 similar to the lows from May while avoiding the stock here at $14.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

 

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