Piper Sandler raised the firm’s price target on Unity to $43 from $33 and keeps an Overweight rating on the shares. Tight cost controls coupled with the ironSource merger helped swing the model to profitability for the first time during Q4, the analyst tells investors in a research note. The firm says Unity’s 2023 outlook calling for 53% growth implies "not much has to go right" considering the $2.125B revenue mid-point appears achievable even if the standalone Unity business declines year-over-year.
Published first on TheFly
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