Morgan Stanley raised the firm’s price target on Unity (U) to $32 from $30 and keeps an Overweight rating on the shares after the company pre-reported “strong” 1Q results, including Vector growing 78% year-over-year and 15% quarter-over-quarter. The company also announced plans to exit the ironSource Ad Network, which the firm expects to increase growth, margins, and EBITDA, the analyst tells investors.
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