Unity price target lowered to $21 from $33.50 at Wedbush

Wedbush lowered the firm’s price target on Unity (U) to $21 from $33.50 and keeps an Outperform rating on the shares following the Q2 results. Unity’s reduction in guidance is likely due to market share gains from competitor AppLovin (APP) , the analyst tells investors in a research note. The company’s commitment to improving its attribution product should be achievable given a considerable amount of data coming from its Create Solutions product, the firm adds.