Needham Maintains Buy on Unity Software, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a Buy rating on Unity Software (NYSE:U) but lowers the price target from $40 to $31.
February 27, 2024 | 3:33 pm
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Needham maintains a Buy rating on Unity Software but lowers the price target from $40 to $31.
The maintenance of a Buy rating suggests a positive outlook on Unity Software's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation metrics, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to short-term uncertainty among investors, potentially causing neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100