- Unity Software receives an upgrade from Jefferies, boosting its rating from Hold to Buy.
- The firm anticipates increased revenue growth due to Unity's improved Vector ad model.
- New price targets and analyst forecasts suggest a positive outlook for Unity Software.
Unity Software: A Promising Upgrade
Unity Software (U, Financial) recently garnered attention from Jefferies, which upgraded the stock from a Hold to a Buy. This optimistic shift stems from expectations of enhanced revenue growth, attributed to the company's improved Vector ad model. Consequently, Jefferies has set a new price target of $29, reflecting confidence in Unity's future earnings and management adjustments.
Wall Street Analysts' Expectations
According to projections by 23 analysts, Unity Software Inc (U, Financial) holds an average target price of $25.34. The forecasts range between a high of $31.50 and a low of $17.00, suggesting a modest downside of 0.49% from the current stock price of $25.46. For a more comprehensive analysis, investors can refer to the Unity Software Inc (U) Forecast page.
Brokerage Recommendations and GF Value Insights
Unity Software Inc (U, Financial) is currently deemed "Outperform" by a consensus of 29 brokerage firms, earning an average recommendation score of 2.3. The rating scale runs from 1 (Strong Buy) to 5 (Sell), indicating favorable sentiment towards the stock.
GuruFocus provides additional insights with an estimated GF Value of $26.94 for Unity Software Inc (U, Financial) over the next year. This figure suggests a potential upside of 5.81% from its current trading price of $25.4617. The GF Value is derived from the stock's historical trading multiples, business growth, and future performance estimates. Investors can explore more detailed information on the Unity Software Inc (U) Summary page.
