Wedbush Maintains Outperform on Unity Software, Raises Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Michael Pachter maintains an Outperform rating on Unity Software (NYSE:U) and raises the price target from $50 to $55.
August 04, 2023 | 1:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Unity Software's price target has been raised from $50 to $55 by Wedbush, maintaining an Outperform rating.
The news of Wedbush raising the price target for Unity Software from $50 to $55 while maintaining an Outperform rating is likely to have a positive impact on the company's stock in the short term. This is because such an upgrade usually signals the analyst's increased confidence in the company's future performance, which can influence investors to buy the stock, thereby driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100