Barclays raised the firm’s price target on Unity (U) to $30 from $25 and keeps an Equal Weight rating on the shares after the company reported revenue and EBITDA that were 3% and 18% above consensus, respectively, in Q2 and guided in-line with expectations for Q3 on both revenue and EBITDA. The firm, which adds that Unity is showing early positive signals from Vector ad stack upgrade, believes the market is “wide open” and poised for a competitor to Applovin (APP), which it notes has increased its take-rate over time.
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