Needham lowered the firm’s price target on Unity (U) to $30 from $33 and keeps a Buy rating on the shares after its Q1 results and below-consensus guide. FY25 is shaping up to be a transition year on reported revenue, but the underlying trends for the business are encouraging, the analyst tells investors in a research note. Needham adds that it continues to like the risk reward in shares, with Q1 providing some encouraging data points in this turnaround story.
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