Jefferies analyst Brent Thill lifted his price target on Unity Software Inc. to $35 from $29, the highest among Wall Street firms, and reiterated a Buy rating. The new target represents a 20.7% increase and reflects growing confidence in the company’s ability to monetize its Vector product line. Thill said benefits from Vector should accumulate over several quarters and pointed to solid quarter-over-quarter progress. Unity shares traded higher in pre-market activity following the note, extending recent gains.
Folks, these Unity LEAP are set to clear $12. We gave at 2. $U https://t.co/Za9USc0yac
Jefferies hikes its price target on Unity $U to a Street-high $35 from $29, citing upbeat views on its Vector product. Analyst Brent Thill says the benefits from Vector should build over several quarters and notes solid quarter-over-quarter progress. Maintains Buy.
Unity $U up big pre-market News? All I see is the Jefferies raised target and Vector commentary