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Unity Software (U) Received its Third Buy in a Row

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After Goldman Sachs and Wedbush gave Unity Software (NYSE: U) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Martin Yang reiterated a Buy rating on Unity Software today and set a price target of $54.00. The company’s shares closed last Wednesday at $32.31.

According to TipRanks.com, Yang has 0 stars on 0-5 stars ranking scale with an average return of -15.4% and a 25.6% success rate. Yang covers the Technology sector, focusing on stocks such as Universal Display, PLAYSTUDIOS, and ironSource.

Unity Software has an analyst consensus of Strong Buy, with a price target consensus of $89.83, implying a 177.9% upside from current levels. In a report released today, Goldman Sachs also maintained a Buy rating on the stock with a $57.00 price target.

See today’s best-performing stocks on TipRanks >>

Unity Software’s market cap is currently $14.25B and has a P/E ratio of -25.54.

Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of U in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

California-based Unity Software Inc. is a video game software development company. The platform provides software solutions to create and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.

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