Unity: Plunged More Than 30% Recently - But Here's Why I Turned Bullish (Rating Upgrade) [Seeking Alpha]
Unity Software Inc. (U)
Company Research
Source: Seeking Alpha
Sundry PhotographyI updated Unity Software Inc. (NYSE:June 2023 updateits recent AI hype and the optimism surrounding its partnership with Apple (AAPL) and Meta Platforms (META).With Unity's dominant leadership in real-time 3D or RT3D, I assessed that the company is well-positioned to benefit from the possible shift in computing platform toward mixed reality. However, the platform economics are still nascent and developing. In its second-quarter orFQ2 earnings conferenceMy June caution panned out as investors who sat out trying to catch itsmomentum surge avoided the steep decline as U topped out in July 2023. Accordingly, U formed a bull trap (false upside breakout), ensnaring late buyers anticipating a further surge. I urged investors in my June update to be wary about its price action. Despite that, I highlighted my conviction that it "would not likely fall back toward its May lows, which should support my thesis that U is in the earlier stages of recovering its upward bias."Accordi
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U
News
- Unity Software Stock Is Up 121% This Year. How the Pandemic Darling Can Climb Even Higher. [Yahoo! Finance]Yahoo! Finance
- Unity Software (U) Is Up 11.5% After Q3 Beat And Epic Deal News Has The Bull Case Changed? [Yahoo! Finance]Yahoo! Finance
- Unity Software (NYSE:U) was upgraded by analysts at Piper Sandler from a "neutral" rating to an "overweight" rating. They now have a $59.00 price target on the stock.MarketBeat
- Unity Software (NYSE:U) was upgraded by analysts at BTIG Research from a "neutral" rating to a "buy" rating. They now have a $60.00 price target on the stock.MarketBeat
- Unity Software (NYSE:U) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=U&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> froMarketBeat
U
Earnings
- 11/5/25 - Beat
U
Sec Filings
- 12/15/25 - Form 4
- 12/15/25 - Form 144
- 12/12/25 - Form 144
- U's page on the SEC website