Unity price target lowered to $28 from $30 at Barclays

Barclays analyst Ross Sandler lowered the firm’s price target on Unity to $28 from $30 and keeps an Equal Weight rating on the shares. The company is “messy now” following the Q4 report, the analyst tells investors in a research note. The firm says Unity “is likely to continue to fall through the cracks” amid the artificial intelligence “bonanza in tech.” However, if the company can hit “rule of 40%” by the end of 2024, “things will look much brighter in 2025,” contends Barclays.