- The shares of Unity Software Inc (NYSE: U) have received a $190 price target from Stifel. These are the details.
The shares of Unity Software Inc (NYSE: U) have received a $190 price target from Stifel. And Stifel analyst J. Parker Lane took coverage of Unity Software while maintaining a “Buy” rating on the company shares.
Lane noted that Unity’s broad set of solutions has made the company a market leader in the gaming industry and positioned its platform to address emerging use cases in other industry verticals such as architecture and construction, automotive, and healthcare.
And the company’s continued investment in R&D, tuck-in acquisitions, and gaming presence has helped it withstand the headwinds of IDFA gain market share in a competitive advertising market. The company is also positioned to benefit from emerging trends in the metaverse and real-time 3D content.
Plus Lane believes that the company’s platform will be a go-to tool for developers as they look to build the next generation of gaming and work experiences.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.