Wells Fargo raised the firm’s price target on Unity (U) to $37 from $29 and keeps an Equal Weight rating on the shares. The firm is cautious into Q3 EPS. Vector drove a step-up in ROAS during Q2, which will benefit Q2/Q3 “Grow” revenues, but Wells doesn’t believe ROAS has improved further during Q3, which could cause a light Q4 guide. Runtime data won’t contribute until the second half of 2026, in the firm’s view.
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