Unity Software Inc

We view FY25 as a pivotal year for U. A successful rollout of Unity Vector throughout the year could drive accelerated top-line growth, expand Adjusted EBITDA margins, and trigger a stock re-rating. As the Street…

We are updating our model to reflect Q4 results. We are raising our price target to $29 and maintain Neutral rating. We now expect the following results: Q1 FY25: We are modeling Create Solutions revenue of…

Q4 results ahead of expectations but the guide for Q1 is light. Assuming flat Q/Q Grow revenue, the implied shortfall v. our model is in the Create segment. We will be looking for more details…

We are updating our model to reflect Q3 results. We are raising our price target to $21 and maintain Neutral rating. We now expect the following results: Q4 FY24: We are modeling Create Solutions revenue of…

We are updating our model to reflect Q1 results. We are lowering our price target to $17 and maintain Neutral rating. we now expect the following results: Q3 FY24: We are modeling Create Solutions revenue of…

We are updating our model to reflect Q1 results. We are lowering our price target to $17 and maintain Neutral rating. we now expect the following results: Q3 FY24: We are modeling Create Solutions revenue of…

This is a corrected version of the note published today at 11:14am ET. Our price target and rating remain unchanged. We argue that: (i) Create Solutions revenue growth acceleration is a necessary but not a…

We argue that: (i) Create Solutions revenue growth acceleration is a necessary but not a sufficient condition for the stock price recovery; (ii) without an improvement in the top line trend at Grow Solutions, especially…

We are updating our model to reflect Q1 results. We are lowering our price target to $25 and maintain Neutral rating. we now expect the following results: Q2 FY24: We are modeling Create Solutions revenue…

We see Q1 results as generally in line with Adjusted Ebitda ahead of estimates due to lower than expected costs, as should have been expected. Y/Y decline of 4% in Grow Solutions revenue will probably…

We believe there are two main takeaways from the Q4 report. First, it’s safe to assume now that the bias to the guidance and estimates is to the upside. There may be room for improved…

We are initiating coverage of U at the time when the company is undergoing a business model transformation following the acquisition of IS in November last year. In our view, for the stock to work…