Unity Software Inc. (U) Tops Q1 EPS by 1c, Guidance Misses Consensus
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Unity Software (U) PT Lowered to $57 at Goldman Sachs
May 11, 2022 6:54 AM EDTGoldman Sachs analyst Kash Rangan lowered the price target on Unity Software (NYSE: U) to $57.00 (from $137.00) while maintaining a Buy rating following earnings.
The analyst commented, "Unity is trading down ~25% AH following management's disclosure of internal challenges within its monetization products that are curtailing its ability to meet FY22 FactSet Consensus/ Street expectaions revenue and profitability expectations. While 1Q revenue came... More
