Is Unity Software Stock Going to $24? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
Unity Software Inc. (U)
Company Research
Source: Yahoo! Finance
Yet the stock still has believers who feel it can head skyward before long. One of them recently cut his price target on the shares, but still thinks better days are ahead for the company. A somewhat contrarian view Analyst Jason Bazinet from Citigroup was the man wielding the scissors. In mid-August he used them to reduce his Unity price target to $24 per share from his previous $31. Yet the new level still implies heavy upside, at it is 45% higher than the stock's most recent closing price as I write this. Bazinet continues to rate the shares a buy. Although Bazinet acknowledged in his latest research note that Unity was facing significant challenges, he said the company's new management team should be able to face these and right the ship in 2025. One fine opportunity for the company, which operates a video game development platform, is its upcoming Unity 6 offering, he said. Bazinet wrote that "we suspect the roll-out of Unity 6 (and the associated pricing changes) may pa
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U
News
- Unity Software Inc. (NYSE: U) had its price target raised by analysts at Wedbush from $21.00 to $27.00. They now have an "outperform" rating on the stock.MarketBeat
- Unity Software Inc. (NYSE: U) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Unity Software Inc. (NYSE: U) had its price target raised by analysts at Stifel Nicolaus from $20.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- Why Unity Software Stock Suddenly Popped Today [Yahoo! Finance]Yahoo! Finance
- Here's Why Unity Software (U) Stock Hit All-Time Lows [Yahoo! Finance]Yahoo! Finance
U
Earnings
- 8/8/24 - Beat
U
Sec Filings
- 9/13/24 - Form 4
- 9/13/24 - Form 4
- 9/13/24 - Form 144
- U's page on the SEC website