Bernie McTernan, an analyst from Needham, reiterated the Buy rating on Unity Software. The associated price target is $50.00.
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Bernie McTernan has given his Buy rating due to a combination of factors including Unity Software’s impressive third-quarter performance, which exceeded expectations and reinforced confidence in the company’s growth trajectory. The company reported an 11% quarter-over-quarter growth for Vector, surpassing its mid-single-digit guidance, which suggests a strong potential for future earnings surprises and upward revisions.
McTernan also anticipates continued advancements in Vector’s machine learning capabilities and sees potential benefits from integrating run-time data and leveraging the legacy ironSource platform. These factors contribute to an optimistic outlook for Unity’s growth in 2026, with an expected 20% year-over-year increase, justifying the increased price target of $50.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $48.00 price target.
Based on the recent corporate insider activity of 89 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.