Unity Software shares are trading lower amid overall market weakness. Yesterday, Macquarie downgraded the stock from Neutral to Underperform and maintained a $20 price target.
Portfolio Pulse from Benzinga Newsdesk
Unity Software's stock is trading lower following a downgrade by Macquarie from Neutral to Underperform, with a maintained price target of $20.

February 13, 2024 | 3:40 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unity Software's stock experienced a decline after Macquarie downgraded it from Neutral to Underperform, while maintaining a $20 price target.
Analyst ratings can significantly influence investor sentiment and stock prices. The downgrade from Neutral to Underperform suggests a negative outlook on the stock by Macquarie, likely leading to decreased investor confidence and a short-term decline in the stock's price. The maintained price target of $20 indicates that Macquarie does not foresee significant downward movement beyond this level, suggesting a controlled negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100