#7 - Matterport (NASDAQ:MTTR)
The metaverse will have buildings. And if you buy into the narrative for Matterport (NASDAQ:MTTR), then the 3D spatial data will play a large role in creating “digital twins” of real-life structures.
This isn’t just idle speculation. For starters, Matterport is already being used by Meta Platforms. It has real-world applications and revenue from its partnership with Redfin (NASDAQ:RDFN). And the company has plans to become a subscription service. This makes sense because the company offers a service that is not likely to be repeated by other companies. In fact, Matterport increased subscription revenue by 36% in the last quarter.
However, while the long-term case for MTTR stock looks good, it’s short-term is a different story. The company has already reduced its revenue forecast once. And if the economy slows more dramatically, companies may suspend plans to build a virtual world to shore up things in their real world.
About Matterport
Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.
Read More - Current Price
- $4.85
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $5.13 (5.7% Upside)
At this time, Microsoft and, perhaps Nvidia, are the only two stocks on this list that I view as being “forever" stocks. That's a critical distinction if you plan on holding any of these stocks for a significant length of time.
That doesn't mean that the other stocks on this list are speculative stocks. If I've presented them accurately, I hope you can see a common thread. Each company has a solid business that can be enhanced by the metaverse,
Right now, Silicon Valley is willing the metaverse into existence. But it's likely to be the companies that are the most in tune with what their users want that will find the most success. It's my belief that these companies have the resources and expertise to curate the metaverse in a way that provides a positive, engaging experience.
And if you hadn't already guessed, if you would rather not dabble in individual stocks, there are ETFs that are focused on the metaverse theme. They aren't as abundant as ETFs that cover the broader tech sector, but the list is growing. One of the most popular is the Roundhill Ball Metaverse ETF (NYSEARCA:META). The fund gives investors exposure to many of the world's largest technology companies. And two of its largest holdings are Nvidia and Roblox.
More Investing Slideshows:
