#4 - Unity Software (NYSE:U)
Unity Software (NYSE: U) is best known for its video game and software development. And as a video game stock, the company is a great stock to own. However, it has a separate business division that develops software for virtual reality devices. If you believe in such claims, Unity says that companies use its software to power their virtual reality games more than any other platform. This is particularly true with battle-related gaming.
So why not buy a great video game company that also lets you take advantage of the growing trend towards virtual reality? The company has only been publicly trading since September 30, 2020. Since then, U stock is up 53.6% and that’s actually down from its closing price of $153.47 on December 31, 2020.
Unity is not yet profitable, although in its last earnings report it showed marked progress towards that goal. And the company has been increasing its revenue every quarter since going public.
About Unity Software
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.
Read More - Current Price
- $16.08
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $34.79 (116.4% Upside)
