Macquarie upgraded Unity (U) to Neutral from Underperform with a price target of $24, up from $16, as a new analyst took over coverage of the stock. While stating that “there is still work to be done,” the firm believes the Unity story is much improved ahead of the “crucial” Unity Vector migration, the analyst tells investors.
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>>
Read More on U:
- Wells Fargo disagrees with AppLovin short reports, stays Overweight
- Unity Software call volume above normal and directionally bullish
- Unity files to sell $500M of Convertible Senior Notes due 2030
- Unity Software Exceeds Q4 Expectations Amidst Challenges
- Unity Software’s (U) Surprising 30% Jump after Q4 Report