Unity Software Q2 Preview: Uncertain Turnaround In Progress - Reiterate Speculative Buy [Seeking Alpha]
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Unity Software Inc. (U)
Company Research
Source: Seeking Alpha
Despite the mixed FQ1'24 performance and underwhelming FQ2'24 guidance, the management remains confident about its FY2024 guidance. The new CEO is also notably experienced in gaming management, with it potentially bringing forth a clean slate and renewed faith amongst market analysts/ gaming developers. While short interest has moderated, it is undeniable that the stock may remain volatile moving forward, for so long that a bottom has yet to be found and the business' performance metrics disappoint. However, we believe that the U stock looks relatively cheap here, with it offering a speculative growth play, assuming a successful turnaround ahead. U's Investment Thesis Remains Speculative We previously covered Unity Software Inc. NYSE: U ) in April 2024, discussing why the stock remained speculative in the intermediate term, with it uncertain if the business reset might be successful in boosting its top/bottom lines Recommended For You About U Stock More on U Related
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U
News
- Midday stock movers: Boeing, Bank of America, Unity Software [Yahoo! Finance]Yahoo! Finance
- Why Unity Software Stock Just Jumped 8% [Yahoo! Finance]Yahoo! Finance
- Unity Software Inc. (NYSE: U) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $22.00 price target on the stock.MarketBeat
- Biggest stock movers today: U, BA, and more [Seeking Alpha]Seeking Alpha
- Is Unity Software Stock Going to $24? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
U
Earnings
- 8/8/24 - Beat
U
Sec Filings
- 9/3/24 - Form 144
- 8/30/24 - Form 144
- 8/27/24 - Form 4
- U's page on the SEC website