Unity Software Stock Trades Near All-Time Lows. Here's What It Would Take to Outperform the S&P 500 Over the Next 5 Years [Yahoo! Finance]
Unity Software Inc. (U)
Company Research
Source: Yahoo! Finance
The stock soared past $200 per share because management said it expected to grow revenue at a compound annual growth rate of at least 30% for the foreseeable future. In the first quarter of 2024, Unity's revenue dropped 8% year over year. In short, investors' expectations weren't met. Therefore, Unity stock unsurprisingly now trades near an all-time low of $16 per share. Unity stock is underperforming the S&P 500 by an enormous margin. Since it went public in 2020, it's down about 75%, whereas the S&P 500 is up about 67%. As disappointing as that performance is, it's past performance. Looking ahead, Unity stock has several potential paths. My analysis of the stock suggests there's still reason to be cautious. What Unity has in its favor When you hit rock bottom, it's often a good time to take a step back, think, and make changes. That's what Unity is doing. The company's new CEO Matt Bromberg started in May. And as he was coming in, management restructured the business, layi
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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