Shares of Unity Software Inc (NYSE:U) came under pressure in early trading on Thursday, even after the company reported upbeat fourth-quarter results.
Here are the key analyst insights:
- Wedbush analyst Alicia Reese maintained an Outperform rating but cut the price target from $37 to $30.
- BTIG analyst Clark Lampen reiterated a Buy rating but slashed the price target from $60 to $41.
Check out other analyst stock ratings.
Wedbush: Unity Software reported total revenue of $503 million and adjusted EBITDA of $125 million. It topped consensus estimates of $489 million and $118 million, respectively. The results were overshadowed by soft guidance for the first quarter, Reese says.
Management guided to revenue of $480-$490 million and non-GAAP EBITDA of $110-$115 million. …