Wedbush analyst Michael Pachter raised the firm’s price target on Unity to $27 from $21 and keeps an Outperform rating on the shares. The firm notes that in a blog post on Thursday, Unity announced it has canceled its controversial Runtime Fee, reverting to its existing seat-based subscription model. The initial Runtime Fee announcement was badly mishandled; Unity made the right decision in scrapping the pricing model, Wedbush says.
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