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Why Matterport Stock Exploded After Earnings

TheMotleyFool

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Why Matterport Stock Exploded After Earnings: https://g.foolcdn.com/editorial/images/754198/mp_realestate-dollhouse.jpg

Matterport (NASDAQ: MTTR) stock jumped an incredible 26% after earnings despite the company reporting another loss and tepid growth. But this quarter answered some critical questions about the company's trajectory and future.

In this video, Travis Hoium breaks down the results and why Matterport is now a safer company to buy than it was just a few days ago. There's also an upside if this technology becomes a platform for growth in the future.

*Stock prices used were end-of-day prices of Nov. 7, 2023. The video was published on Nov. 7, 2023.

Source Fool.com

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