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Benzinga
Benzinga
Business
Adam Eckert

Unity Software Stock Is Sliding Today: What's Going On?

Unity Unity Software BofA BofA Securities
UnityShanghai,china-april,22nd,2023:,Close,Up,Unity,Software,Brand,Logo.,Video

Unity Software Inc (NYSE:U) shares are trading lower Thursday. BofA Securities reinstated coverage with an Underperform rating.

What Happened: BofA Securities put an Underperform rating on Unity on Thursday with a 12-month price target of $15 as the analyst firm believes the company’s game engine business is overvalued.

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