Why Matterport Surged 9% Higher Today
We should never underestimate the power of a convinced analyst to move the price of a stock. So it was with 3D modeling specialist Matterport (NASDAQ: MTTR) on Wednesday, which saw its share price advance by over 9% on the back of some highly complimentary words from a prognosticator.
In a new research note published after the wide stock market sell-off on Tuesday, Wedbush Securities analyst Dan Ives said that investors should take advantage of the declines by purchasing shares of quality tech companies that have dipped in price. Among the titles mentioned was Matterport.
Image source: Getty Images.
Source Fool.com
