Mattr Corp. (MATR:TSX) had a blockbuster week, rising 34.2 per cent with analysts pricing in further upside as five of the eight covering the shares hiked their 12-month price targets after the Toronto-based energy and infrastructure technology company on July 13 upgraded its preliminary second quarter projected results for revenue and adjusted earnings before interest, taxes and depreciation (EBITDA). Michael Tupholme, an analyst at TD Cowen, hiked his price target to $23 from $14, where the shares were trading prior to the company’s update. Shares closed Friday at $18.29. Mattr said it now expects second quarter revenue of $390 million to $400 million compared with consensus of $332 million and second quarter EBITDA of $60 million to $65 million versus consensus of $43.1 million. Tupholme said strength looks “broad based” though Mattr did not provide breakdowns by division. The company’s update “appears to be driven by underlying healthy demand,” the analyst said. Despite the stock’s jump, “we see value in Mattr,” he said. Mattr has a 12-month price target of $19.43 based on the calls of seven analysts, according to Bloomberg.