UBS analyst Chris Kuntarich has revised the price target for Unity Technologies (U, Financial) from $30 down to $22, maintaining a Neutral rating for the stock. Despite this adjustment, recent feedback indicates a stable environment in mobile gaming user acquisition throughout the first quarter, which is expected to remain steady into the second quarter as well.
The analyst also commented on Unity's new Vector algorithm, noting that while feedback has been limited, the sentiment appears to be generally positive. This development may influence Unity's strategic direction, despite the price target reduction.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Unity Software Inc (U, Financial) is $27.25 with a high estimate of $35.00 and a low estimate of $16.00. The average target implies an upside of 42.83% from the current price of $19.08. More detailed estimate data can be found on the Unity Software Inc (U) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Unity Software Inc's (U, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Unity Software Inc (U, Financial) in one year is $29.13, suggesting a upside of 52.67% from the current price of $19.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Unity Software Inc (U) Summary page.
