Unity Software (U) Climbs 6% as Analyst Hikes PT, Rating

We recently published The 10 Biggest Winners in a Bloody Market. Unity Software Inc. (NYSE:U) was one of the best performers on Tuesday.

Unity Software saw its share prices jump by 6.09 percent on Tuesday to finish at $20.02 apiece, as investor sentiment was boosted by the Bank of America’s (BofA) rating and price target upgrade for its stock.

In a market report, BofA raised its price target by 11.8 percent to $19 from $17 previously, as well as its rating to “neutral” from “underperform” amid improvements in the technology firm’s balance sheet.

A Game Developers Conference (GDC) is set to be held next week, March 9 to 13, where Unity Software Inc. (NYSE:U) is expected to outline its technology roadmap for growth.

According to BofA, it expects the technology company to announce the long-awaited use of run-time data to inform ad targeting, beginning in the second quarter of the year, which could prove Unity Engine a valuable strategic asset.

BofA also expects the company to announce an aggressive outlook for the second quarter of the year, which could signal the beginning of a sustained growth segment acceleration.

Last year, Unity Software Inc. (NYSE:U) narrowed its attributable net loss by 39 percent to $402.76 million from $664 million in 2024, while revenues finished flat at $1.8 billion.

In the fourth quarter alone, attributable net loss declined by 27 percent to $89.96 million from $122.7 million, while revenues jumped by 10 percent to $503 million from $457 million.

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