Stock Track | Unity Software Jumps 5% in Pre-market as Analysts Boost Price Targets to $50
Stock Track
Aug 07
Shares of Unity Software Inc. soared 5.07% in pre-market trading on Friday, following bullish analyst actions that raised price targets on the stock.
The rally came after Jefferies lifted its price target on Unity to $50 from $35, and Morgan Stanley similarly adjusted its target to $50 from $35 while maintaining an Overweight rating. Both revisions were published before the pre-market surge, signaling increased confidence in the company's growth trajectory.
Analysts polled by FactSet currently rate Unity Software as overweight, with a mean price target of $42. The new $50 targets from two major firms suggest further upside, helping to fuel the pre-market advance.
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