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UPDATE: KeyBanc Starts Unity Software (U) at Sector Weight

June 30, 2022 3:51 AM EDT
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Price: $27.20 +0.78%

Rating Summary:
    13 Buy, 14 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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(Updated - June 30, 2022 6:41 AM EDT)

KeyBanc analyst Tyler Parker initiates coverage on Unity Software (NYSE: U) with a Sector Weight rating.

The analyst comments "Unity holds a strong position as the provider of a leading engine that enables the creation of real-time 3D content (Create Solutions), though we have concerns on the path to recovery of the Operate Solutions segment through 2022. U trades at 7.5x 2023 EV/R with no profit support yet, and what we view as relatively heightened risk to estimates, which informs our Sector Weight rating."

For an analyst ratings summary and ratings history on Unity Software click here. For more ratings news on Unity Software click here.

Shares of Unity Software closed at $39.52 yesterday.


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