BTIG downgraded Unity (U) to Sell from Neutral with a $25 price target ahead of the earnings report. The 40% month-to-date rally in the shares overstates Unity’s fundamental benefit from its advertising model upgrade, the analyst tells investors in a research note. The firm believes success for the company should be defined by its ability to recapture share in the gaming market and the evolution of the Create business.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on U:
- Mixed options sentiment in Unity Software with shares down 3.21%
- Unity Software: Promising Developments Amidst Execution and Geopolitical Challenges Justify Hold Rating
- Unity has ‘fundamentally more competitive ad product,’ says Morgan Stanley
- Unity price target raised to $33 from $22 at UBS
- Unity price target raised to $39 from $31.50 at Wedbush