Unity Software Inc

We are upgrading U shares to Buy from Neutral and raising our twelve-month price target to $54. Our thesis is straightforward: we believe that Unity Vector will drive upside to estimates for multiple quarters. We…

Looks like Unity Vector is working. Grow segment revenue up 11% Q/Q implying Unity Vector probaly growing at around double that rate (will look for clarity on the call). The Q4 guide for Grow revenue…

We are updating our model to reflect Q2 results. We are raising our price target to $38 to reflect the recent valuation multiple expansion, our rating remains unchanged. We now expect the following results: Q3…

It appears that Unity Vector’s first-quarter performance led to slightly better-than-expected revenue growth in Q2, with guidance for Q3 growth a couple of percentage points ahead of our model. The press release discloses that Unity…

We are updating our model to reflect Q1 results. Our price target and rating remain unchanged. We now expect the following results: Q2 FY25: We are modeling Create Solutions revenue of $143m, Grow Solutions revenue of…

Q1 results ahead of expectations due to smaller than anticipated Q/Q revenue decline in Grow Solutions. The press release calls out “earlier than expected rollout of Unity Vector”. Estimates for FY25 were reset lower after…

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…