2024-01-23 16:37:46 ET
Summary
- Matterport's stock has declined over 90% since reaching a high in 2021, raising questions about its profitability and competition in the market.
- The company's current moat of easy-to-use 3D tours and models is shallow compared to competitors offering similar features.
- Matterport's future moat lies in its AI capabilities, which can automate tasks such as interior design and property management, expanding its revenue potential.
Since Matterport, Inc. (MTTR) reached a high in 2021, the stock has declined over 90% as the excitement of the SPAC craze , metaverse hype, and the red-hot real estate market waned. There have been plenty of questions about Matterport's products and whether they will become profitable. While I believe their path to growing revenue and digging a moat has become clearer in the past year, I believe they are still a highly speculative stock. I will share with you where I think they are heading and what I am looking for before making a purchase.
Is Matterport a Hedgehog?
Just because we are good at it-just because we're making money and generating growth-doesn't necessarily mean we can become the best at it. - Jim Collins, The Hedgehog Concept
Read the full article on Seeking Alpha
For further details see:
Matterport's Future Is AI And Enterprise Customers