- Needham analyst Bernie McTernan initiated coverage on Unity Software Inc U with a Buy rating and a price target of $50.
- U's Create platform is best in class and should benefit from the rising demand for real-time, interactive, 3-D content in gaming and beyond.
- The proposed closing of IS acquisition will further bolster U's positioning, with Create and SuperSonic acting as vital on-ramps for creators to use U's monetization tools, with IS filling in the final holes in the creation of this end-to-end platform.
- This prime position in the ecosystem should equip U to ride the wave of diversified demand for content creation while protecting against the downside in the monetization industry from stricter competition and lower consumer spending.
- Price Action: U shares traded lower by 8.34% at $32.86 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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