Wells Fargo slashes price target on Unity Software Inc [U] – find out why.

Unity Software Inc [NYSE: U] gained 2.73% on the last trading session, reaching $24.11 price per share at the time.

If compared to the average trading volume of 12.96M shares, U reached a trading volume of 7475559 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Unity Software Inc [U]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for U shares is $22.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on U stock is a recommendation set at 2.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Unity Software Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 29, 2024. While these analysts kept the previous recommendation, Stifel raised their target price from $20 to $25. The new note on the price target was released on September 13, 2024, representing the official price target for Unity Software Inc stock. Previously, the target price had yet another raise to $22, while Morgan Stanley analysts kept a Overweight rating on U stock. On February 27, 2024, analysts decreased their price target for U shares from 35 to 30.

The Average True Range (ATR) for Unity Software Inc is set at 1.30, with the Price to Sales ratio for U stock in the period of the last 12 months amounting to 5.08. The Price to Book ratio for the last quarter was 3.05, with the Price to Cash per share for the same quarter was set at 3.40. Price to Free Cash Flow for U in the course of the last twelve months was 41.40 with Quick ratio for the last quarter at 2.41.

Trading performance analysis for U stock

Unity Software Inc [U] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.35. With this latest performance, U shares gained by 16.47% in over the last four-week period, additionally plugging by 31.96% over the last 6 months – not to mention a drop of -20.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for U stock in for the last two-week period is set at 64.37, with the RSI for the last a single of trading hit 69.13, and the three-weeks RSI is set at 61.53 for Unity Software Inc [U]. The present Moving Average for the last 50 days of trading for this stock 21.25, while it was recorded at 23.70 for the last single week of trading, and 21.07 for the last 200 days.

Unity Software Inc [U]: A deeper dive into fundamental analysis

Unity Software Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.41 and a Current Ratio set at 2.41.

Unity Software Inc [U]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Unity Software Inc posted -0.66/share EPS, while the average EPS was predicted by analysts to be reported at -0.48/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.18. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for U. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Unity Software Inc go to -4.00%.

An analysis of Institutional ownership at Unity Software Inc [U]

There are presently around $77.57%, or 86.83%% of U stock, in the hands of institutional investors. The top three institutional holders of U stocks are: SILVER LAKE GROUP, L.L.C. with ownership of 34.74 million shares, which is approximately 8.9721%. SC US (TTGP), LTD., holding 32.25 million shares of the stock with an approximate value of $$524.39 million in U stocks shares; and SC US (TTGP), LTD., currently with $$454.8 million in U stock with ownership which is approximately 7.2247%.

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