Goldman Sachs Maintains Neutral on Unity Software, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan has maintained a Neutral rating on Unity Software (NYSE:U) but has reduced the price target from $45 to $29.
November 13, 2023 | 1:36 pm
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Goldman Sachs has maintained a Neutral rating on Unity Software but lowered the price target from $45 to $29.
The reduction in price target by a prominent analyst like Goldman Sachs suggests a bearish outlook on the stock's value, which could lead to a negative short-term impact on Unity Software's stock price. Investors often react to such adjustments, and a significant decrease in the target price may lower investor confidence in the stock's near-term growth potential.
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IMPORTANCE 75
RELEVANCE 100