Deutsche starts Unity at Hold on lack of estimate upside

Deutsche Bank initiated coverage of Unity (U) with a Hold rating and $39 price target Following a period of advertising network share losses, Unity has the infrastructure and management team to reaccelerate revenue growth, the analyst tells investors in a research note. The firm thinks revenue expectations for 2027 are achievable, but its analysis suggests it is unlikely that Unity can beat estimates materially, even after assuming the company’s Vector grows relatively in line with AppLovin’s Axon.