Jefferies Upgrades Unity Software: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Jefferies has upgraded its rating of Unity Software (NYSE:U) to Hold with a new price target of $27.00, down from $29.00. Unity Software's shares are currently trading up 1.2% over the last 24 hours, at $27.83 per share. A move to $27.00 would account for a 2.98% decline from the current share price.
October 19, 2023 | 5:00 pm
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Jefferies has upgraded Unity Software to Hold and lowered its price target to $27.00. Unity's shares are currently trading at $27.83, indicating a potential decline.
The downgrade in price target by Jefferies from $29.00 to $27.00 suggests a potential decline in Unity Software's stock price. Given that the shares are currently trading at $27.83, this could lead to a negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100