Why Unity Software Stock Just Jumped 8% [Yahoo! Finance]
Unity Software Inc. (U)
Company Research
Source: Yahoo! Finance
Unity stock responded by soaring 8% through 10 a.m. ET Tuesday. What Morgan Stanley said about Unity stock Quoted by Street Insider this morning, Morgan Stanley analyst Matthew Cost cited significant price underperformance by Unity stock (down 57% over the last 52 weeks) as potentially "derisking" the stock for new buyers. "Execution headwinds, management turnover, and a major restructuring led to a significant expectations reset," explained the analyst, with Unity's reduction of fiscal 2024 earnings guidance in its Q2 report being (hopefully) the last shoe to drop. With so much bad news baked into the stock price, Cost argues that Unity stock now has basically nowhere to go but up. For all the company's troubles, argues the analyst, Unity has held onto its 70% market share in 3D graphics software. Logically, therefore, any good news at all should translate into respectable growth going forward. Is Unity Software stock a buy? Valuing Unity Software is no easy task. The co
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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