Needham raised the firm’s price target on Unity (U) to $33 from $26 and keeps a Buy rating on the shares after its Q4 results. The firm is also assigning a higher target multiple on lower estimates for Unity, reflecting a better understanding of the path to improve the Grow business with the launch of Vector, the analyst tells investors in a research note.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on U:
- Rivian downgraded, Unity upgraded: Wall Street’s top analyst calls
- Unity price target raised to $32 from $26 at Morgan Stanley
- Unity upgraded to Hold from Sell at Benchmark yesterday
- Unity price target raised to $28 from $23 at Jefferies
- Unity Software: Balancing Growth Potential and Uncertainty Amid Strategic Transitions