HSBC analyst Mohammed Khallouf downgraded Unity (U) to Hold from Buy with a price target of $40.80, up from $37.50. While Unity remains on the right track, valuation now appears fair after year-to-date share price gains, the analyst tells investors in a research note. The firm sees scope for continued outperformance with the rollout of Vector and potential for the mobile games industry to benefit from regulatory-driven changes to app store policies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on U:
- Unity downgraded to Hold from Buy at HSBC
- UBS gaming analyst holds an analyst/industry conference call
- AI Isn’t Dead – It’s Evolving from the Brains to the Body
- Unity Software’s Stock Surges Amid Strategic Wins
- Bullish flow in Unity Software with shares up 7.22%