Unity Software Shares Exceed Analyst Target, Analysts Weigh In
Recently, Unity Software Inc (Symbol: U) shares surpassed the average analyst 12-month target price of $25.50, trading at $26.08 per share. Analysts typically respond when a stock reaches their target by either downgrading the valuation or raising the target price. Their decisions may also consider recent business developments that could impact the stock price.
Within the Zacks coverage universe, 16 analysts contribute to Unity’s average target price. Some analysts have lower targets, with one stating a price of $15.00, while another sets a high at $34.00. The standard deviation stands at $5.056.
Understanding the average price target benefits investors by reflecting a collective analysis rather than an individual viewpoint. With Unity shares now above $25.50, investors should evaluate whether this price is a stepping stone to higher values or if it indicates overvaluation, prompting some to reconsider their positions. Below is a summary table of recent analyst ratings for Unity Software Inc:
| Recent U Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 7 | 7 | 6 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 10 | 11 | 11 | 11 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 1 |
| Average rating: | 2.11 | 2.21 | 2.21 | 2.42 |
The average rating, presented in the last row, uses a scale from 1 (Strong Buy) to 5 (Strong Sell). Data was sourced from Zacks Investment Research via Quandl.com.
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The views expressed herein are those of the author and do not necessarily represent those of Nasdaq, Inc.
