Why Matterport Could Be a Multi-Bagger Stock
The real estate market is just starting to use technology in a meaningful way, and companies like Matterport -- which is going public through a merger with special purpose acquisition company Gores Holdings VI (NASDAQ: GHVI) -- are changing the way that we interact with buildings all over the world. Currently, the company is digitizing real estate layouts with what's known as dollhouse plans (see below), but that could be just the beginning of the company's growth trajectory.
Over the next decade, it may be commonplace to buy a home sight unseen after doing a virtual or augmented reality tour, contractors could bid on projects confidently without ever setting foot in a building, and designers can plan out a building's infrastructure and furniture all on a digital twin of a building. As the center of these innovations, Matterport is one of my top growth stocks for the next decade.
Image source: Matterport.
Source Fool.com
