Unity Stock (U): $171 Price Target From BTIG

By Amit Chowdhry ● Updated January 14, 2022
  • The shares of Unity Software Inc (NYSE: U) have received a $171 price target from BTIG. These are the details.

The shares of Unity Software Inc (NYSE: U) have received a $171 price target from BTIG. And BTIG analyst Clark Lampen upgraded Unity Software to a “Buy” rating from a “Neutral” rating.

Lampen had cited a stronger fundamental outlook and more favorable risk/reward following the stock’s recent pullback for the upgrade. And channel checks suggest the acquisition of Weta has repositioned Unity as the clear leader in the entertainment space, which should yield new opportunities for customer and revenue gains in 2022 and 2023.

For the longer term, Weta gives Unity an advantage in the race toward mass-market prosumer adoption.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.