Morgan Stanley raised the firm’s price target on Unity (U) to $48 from $44 and keeps an Overweight rating on the shares. Unity posted a return to organic growth across segments for the first time in about 4 years, and Vector driving 11% quarter over quarter growth in ads leads the firm incrementally bullish on further revisions from here, the analyst tells investors in a research note. The quarter showed the benefits of a true business transformation underway at Unity, Morgan Stanley argues.
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