Stifel raised the firm’s price target on Unity to $35 from $28 and keeps a Buy rating on the shares after Capgemini and Unity announced an expansion of their strategic alliance that will result in Capgemini taking over Unity’s Digital Twin Professional Services arm. No financial terms were disclosed, but the deal is expected to close in Q2, notes the analyst ahead of Unity reporting results next Monday afternoon.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See the top stocks recommended by analysts >>
Read More on U:
- Rivian downgraded, Loweâs upgraded: Wall Street’s top analyst calls
- Macquarie lowers Unity to Underperform, says cost cuts won’t mask ‘disarray’
- Unity downgraded to Underperform from Neutral at Macquarie
- Unity Software call volume above normal and directionally bullish
- eBay Stock (NASDAQ:EBAY) Gained on New Layoff Plan