Wedbush Maintains Outperform on Unity Software, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Michael Pachter has maintained an Outperform rating on Unity Software (NYSE:U) but has reduced the price target from $55 to $31. This adjustment reflects a more conservative valuation of the company's future prospects.
November 10, 2023 | 2:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Unity Software's Outperform rating is maintained by Wedbush, but the price target is lowered from $55 to $31, indicating potential headwinds or a reassessment of the company's growth trajectory.
The reduction in Unity Software's price target by a reputable analyst suggests that there may be concerns about the company's future growth or profitability, which could lead to a negative short-term impact on the stock price. The Outperform rating indicates the analyst's belief in the company's potential, but the lowered price target may temper investor expectations and could result in a decrease in stock price as the market digests this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100