BofA analyst Michael Fink upgraded Unity to Buy from Neutral with a price target of $56, up from $46, after Unity announced pricing and plan changes for Unity Runtime and Unity Plus customers. The firm’s analysis points to improved monetization of the company’s “industry leading” mobile game creation engine and it believes that known risks and execution issues are “more than priced into the stock,” the analyst tells investors. BofA also sees potential upside to FY24 and FY25 estimates for Unity.
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