Unity Software - U Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" U shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in U, but not buy additional shares or sell existing shares.
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17 Wall Street analysts have issued 12-month price targets for Unity Software's stock. Their U share price forecasts range from $27.00 to $185.00. On average, they anticipate the company's share price to reach $69.00 in the next twelve months. This suggests a possible upside of 90.0% from the stock's current price.
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Unity Software's stock was trading at $142.99 on January 1st, 2022. Since then, U stock has decreased by 74.6% and is now trading at $36.32.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Unity Software Inc. (NYSE:U) announced its earnings results on Tuesday, August, 9th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.52) by $0.02. The business earned $297 million during the quarter, compared to analysts' expectations of $299.05 million. Unity Software had a negative trailing twelve-month return on equity of 22.71% and a negative net margin of 54.01%. Unity Software's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.34) EPS.

Unity Software updated its third quarter 2022 earnings guidance on Tuesday, September, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $315.00 million-$335.00 million, compared to the consensus revenue estimate of $346.87 million.

329 employees have rated Unity Software Chief Executive Officer John Riccitiello on Glassdoor.com. John Riccitiello has an approval rating of 92% among the company's employees. This puts John Riccitiello in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 88.0% of employees surveyed would recommend working at Unity Software to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Unity Software investors own include Tesla (TSLA), DocuSign (DOCU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Snowflake (SNOW), Adobe (ADBE), Intel (INTC), Block (SQ), Alibaba Group (BABA) and Salesforce (CRM).

(U) raised $950 million in an initial public offering on Friday, September 18th 2020. The company issued 25,000,000 shares at a price of $34.00-$42.00 per share. Goldman Sachs, Credit Suisse, BofA Securities, Barclays and William Blair served as the underwriters for the IPO and Oppenheimer, Piper Sandler, Stifel, Wedbush Securities, Academy Securities and Siebert Williams Shank were co-managers.

Unity Software trades on the New York Stock Exchange (NYSE) under the ticker symbol "U."

Shares of U stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of U stock can currently be purchased for approximately $36.32.

Unity Software (NYSE:U) has a market capitalization of $10.83 billion and generates $1.11 billion in revenue each year. The company earns $-532,610,000.00 in net income (profit) each year or ($2.26) on an earnings per share basis.

The company employs 5,245 workers across the globe.

The official website for the company is www.unity.com. The company can be reached via phone at 415-539-3162 or via email at ir@unity3d.com.