Stifel Maintains Buy on Unity Software, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Parker Lane has maintained a Buy rating on Unity Software (NYSE:U) but has reduced the price target from $40 to $28.
November 10, 2023 | 8:36 pm
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NEGATIVE IMPACT
Stifel analyst Parker Lane maintains a Buy rating on Unity Software but lowers the price target from $40 to $28.
The reduction in the price target by Stifel suggests a reassessment of Unity Software's future valuation, which could lead to a negative short-term impact on the stock price as investors adjust their expectations. However, the maintenance of a Buy rating indicates a positive outlook on the company's fundamentals, which might mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100