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Stock impact report

Unity Software (U) Climbs 6% as Analyst Hikes PT, Rating [Yahoo! Finance]

Unity Software Inc. (U) 
Company Research Source: Yahoo! Finance
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. Unity Software (U) Climbs 6% as Analyst Hikes PT, Rating Copyright: welcomia / 123RF Stock Photo 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 Show less Read more
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