Analyst Scoreboard: 4 Ratings For Unity Software
Portfolio Pulse from Benzinga Insights
Unity Software (NYSE:U) has received mixed analyst ratings over the past three months, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for Unity Software has increased to $31.0 from $23.0, indicating a 34.78% rise. Analysts from Macquarie, Goldman Sachs, Piper Sandler, and HSBC have provided updates, with price targets ranging from $20.00 to $37.00. Unity Software, known for its real-time 3D content creation platform, has shown a significant revenue growth rate of 68.55% as of September 30, 2023, but faces challenges in net margin, ROE, and ROA.
February 12, 2024 | 1:00 pm
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Unity Software has seen a shift towards a more bearish outlook from analysts, with an updated average 12-month price target of $31.0, reflecting a 34.78% increase from the previous target. Despite significant revenue growth, challenges in profitability and asset efficiency persist.
The mixed analyst ratings and the recent shift towards a somewhat bearish outlook could lead to short-term uncertainty in Unity Software's stock price. However, the significant increase in the average price target and the impressive revenue growth rate may counterbalance the bearish sentiment to some extent. The challenges in profitability and asset efficiency metrics are concerning but are likely already factored into the current analyst perspectives.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100