Unity price target raised to $28 from $25 at Stifel

Stifel raised the firm’s price target on Unity (U) to $28 from $25 and keeps a Buy rating on the shares, stating that results were “ahead of a lower bar set a quarter ago when new CEO Matt Bromberg took the reins.” The firm expects top-line metrics to remain challenged through Q4, but sees “tangible avenues for improvement” heading into 2025 across both the Create and Grow sides of the business, the analyst tells investors.