Unity price target raised to $36 from $35 at Wells Fargo
Wells Fargo raised the firm's price target on Unity to $36 from $35 and keeps an Overweight rating on the shares. The firm notes mobile game industry checks are mixed as cost-per-install inflation meaningfully pressuring advertiser ROAS. However, Wells highlights Unity share gains continued in Q2 with developers calling out D28 and continued Vector performance improvements.
Wells Fargo raised the firm's price target on Unity to $36 from $35 and keeps an Overweight rating on the shares.
The firm notes mobile game industry checks are mixed as cost-per-install inflation meaningfully pressuring advertiser ROAS.
However, Wells highlights Unity share gains continued in Q2 with developers calling out D28 and continued Vector performance improvements.