As Talks About the Metaverse Heat Up, Matterport Stock Sticks Out
Matterport (NASDAQ: MTTR) markets a spatial computing platform that allows users to turn physical spaces into dimensionally accurate and photorealistic digital twins. This provides customers with the data insights needed to manage physical spaces. Shortly after its public offering, Matterport signed strategic partnerships with Facebook (NASDAQ: FB) and Amazon (NASDAQ: AMZN). These alliances have excited retail investors and Wall Street analysts alike, as it is becoming clear that Matterport's technology will play a focal point in big-tech's metaverse aspirations.
The company listed on the Nasdaq earlier this year after completing a SPAC merger with Gores Holdings VI. Matterport's year-to-date stock price return is 126%, handily topping the S&P 500 and its return of 26%. Let's dive into Matterport and if these returns were warranted.
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Source Fool.com
