Unity price target raised to $35 from $28 at Stifel

Stifel raised the firm’s price target on Unity (U) to $35 from $28 and keeps a Buy rating on the shares following Q4 results. The firm noted “positive” information regarding the company’s upcoming advertising platform update, Vector. Management’s Q1 guidance reflects “uncertainty and some conservatism” around the rollout of Vector, according to Stifel. This sets Unity up well for a beat/raise cadence, assuming things progress as expected or better, the firm told investors in a research note.