Wells Fargo & Company Boosts Unity Software (NYSE:U) Price Target to $48.00

Unity Software (NYSE:U) had its price target increased by equities researchers at Wells Fargo & Company from $36.00 to $48.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 13.34% from the stock’s previous close.

U has been the subject of several other research reports. BTIG Research lifted their price objective on Unity Software from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $50.00 in a research note on Friday. Piper Sandler reiterated an “overweight” rating and set a $45.00 price objective (up from $40.00) on shares of Unity Software in a research note on Thursday, July 30th. UBS Group reaffirmed an “outperform” rating on shares of Unity Software in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Unity Software from a “hold” rating to a “buy” rating and increased their price objective for the company from $31.00 to $50.00 in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.32.

Unity Software Stock Performance

NYSE:U traded up $1.54 during trading hours on Friday, reaching $42.35. The company had a trading volume of 6,320,695 shares, compared to its average volume of 13,492,823. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software has a 52 week low of $16.78 and a 52 week high of $52.15. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of -26.88, a PEG ratio of 4.20 and a beta of 2.04. The firm’s 50 day moving average price is $29.89 and its 200-day moving average price is $26.57.

Insider Buying and Selling at Unity Software

In other news, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $652,890.78. Following the sale, the chief financial officer owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 138,993 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the transaction, the chief executive officer owned 1,557,514 shares in the company, valued at $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 198,321 shares of company stock valued at $5,390,783. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently added to or reduced their stakes in U. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Unity Software in the second quarter worth approximately $6,788,000. Global Retirement Partners LLC bought a new position in Unity Software in the second quarter worth about $56,000. Focus Partners Advisor Solutions LLC purchased a new stake in Unity Software during the second quarter valued at approximately $861,000. GSA Capital Partners LLP purchased a new stake in shares of Unity Software during the 2nd quarter valued at $1,370,000. Finally, Bridgewater Advisors Inc. purchased a new stake in Unity Software in the second quarter valued at about $413,000. 73.46% of the stock is currently owned by institutional investors.

Trending Headlines about Unity Software

Here are the key news stories impacting Unity Software this week:

• Positive Sentiment: Unity reported second-quarter revenue of approximately $546.5 million, up about 24% year over year and above analyst estimates near $514 million. Adjusted earnings of $0.28 per share also exceeded expectations, compared with a loss in the prior-year period. Unity Reports Upbeat Q2 Results
• Positive Sentiment: Management projected third-quarter strategic revenue of $540 million to $550 million, ahead of the roughly $533.8 million consensus estimate, and forecast a 33% adjusted EBITDA margin. The outlook was supported by momentum in Vector, while management highlighted record free cash flow and the potential to reach GAAP profitability earlier than expected. Unity Q3 Forecast
• Positive Sentiment: Analysts broadly raised their views following the earnings beat. Bank of America, Deutsche Bank, Benchmark, and HSBC upgraded Unity to “buy,” with price targets generally ranging from $47.10 to $50. BTIG also raised its target to $51, reinforcing the market’s improved expectations for growth and execution. Analyst Forecasts After Unity Q2 Results
• Positive Sentiment: Options activity was also bullish, with investors purchasing 41,488 Unity call contracts—about 30% above typical daily volume—indicating increased speculative interest after the earnings release.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.