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Unity Software (NYSE:U – Get Free Report) had its price target decreased by research analysts at Barclays from $30.00 to $28.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 7.80% from the […]
Shares of Unity Software Inc (NYSE: U) tanked in early trading on Tuesday, after the company reported a higher-than-expected loss for the fourth quarter.
Unity has hit the reset button, but analysts are split on whether the app-monetization software company now has a brighter future ahead.
Unity's fourth-quarter revenue increased 35% year-over-year to $609 million, which beat the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share, which missed analyst estimates for a loss of 42 cents per share, according to Benzinga Pro.
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