Unity price target raised to $32 from $30 at Wedbush

Wedbush raised the firm’s price target on Unity (U) to $32 from $30 and keeps an Outperform rating on the shares. The firm notes Unity reported strong Q1 results, underscoring Vector’s growth, along with improvements and related uptake of Unity’s game engine. With high AI adoption among game developers, there has been a 60% increase in new mobile app releases. Driven by this trend, Unity launched the Unity AI public beta and is pricing based on usage and agent connections, Wedbush adds.

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