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Benzinga
Benzinga
Business
Akanksha Bakshi

Unity Stock Jumps After Jefferies Upgrade—Here's What Changed

Unity Jefferies Brent Thill
UnityShanghai,china-april,22nd,2023:,Close,Up,Unity,Software,Brand,Logo.,Video

Unity Software Inc. (NYSE:U) stock gained momentum on Wednesday after Jefferies analyst Brent Thill raised the price target from $29 to $35 while maintaining a Buy rating.

Over the past three months, seven analysts have issued ratings on Unity, ranging from bullish to somewhat bearish, with four maintaining a positive stance. The 12-month average price target now stands at $26.57, a 2.78% drop from the previous average, reflecting slightly tempered expectations. Forecasts vary significantly, with a high of $35 and a low of $15, according to Benzinga Insights.

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