Unity reinstated with a Neutral at Goldman Sachs

Goldman Sachs analyst Kash Rangan reinstated coverage of Unity with a Neutral rating and $36 price target after the company closed its acquisition of ironSource. The analyst says the acquisition de-emphasizes Unity’s design engine growth avenue in favor of a more balanced approach between creation and monetization in the long-term. This leads Rangan to become more cautious due to "clouded" near-term revenue visibility from current headwinds facing the mobile game industry and adverse advertising trends.