On Nov 09, major Wall Street analysts update their ratings for $Unity Software (U.US)$, with price targets ranging from $15 to $28.
Morgan Stanley analyst Matthew Cost maintains with a buy rating, and adjusts the target price from $22 to $24.
Macquarie analyst Tim Nollen maintains with a sell rating.
Oppenheimer analyst Martin Yang maintains with a hold rating.
Stifel analyst J. Parker Lane maintains with a buy rating, and adjusts the target price from $25 to $28.
Wedbush analyst Michael Pachter maintains with a buy rating, and maintains the target price at $27.
Furthermore, according to the comprehensive report, the opinions of $Unity Software (U.US)$'s main analysts recently are as follows:
The firm expressed optimism about Unity's potential following a quarter that surpassed expectations, with the new management team's initial full quarter results being a key highlight. This positive outlook is based on the company's promising future and recent performance.
Unity's outlook appears positive despite the modest growth in ad revenues and a steady 12% organic growth in Create subscriptions, according to an analyst note.
Unity's Q3 results surpassed expectations and suggest a potential recovery from its lowest point. However, the company faces modest revenue growth and limited margin expansion, with projections indicating that the game engine's growth may not exceed mid-single digits by 2025. Moreover, Unity's advertising technology overhaul faces significant challenges in its effort to rival with established competitors.
The firm acknowledges that Unity's results have surpassed expectations, which were moderated last quarter following leadership changes. The anticipation is for top-line metrics to face challenges up to Q4; however, the outlook towards 2025 is optimistic with potential improvements foreseen in both the Create and Grow segments of the company.
Here are the latest investment ratings and price targets for $Unity Software (U.US)$ from 6 analysts:
Note:
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