Needham Maintains Buy on Unity Software, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan has maintained a 'Buy' rating on Unity Software (NYSE:U) but lowered the price target from $50 to $40.

November 10, 2023 | 1:08 pm
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Unity Software's price target has been lowered from $50 to $40 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100