As previously reported, BTIG upgraded Unity (U) to Buy from Neutral with a $60 price target The firm sees upside to Grow expectations, an improving industry backdrop, and “a few other levers for upside,” including the Create IAP opportunity, that don’t seem fully understood or discounted by the market. The path higher is “unlikely to be linear from here,” but the firm believes intrinsic value is still greater than shares currently imply, the analyst tells investors.
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