Wells Fargo & Company boosted its price target on Unity Software to $53.00, up from $48.00. The firm reiterated an "overweight" rating on the shares. Analyst Alec Brondolo issued the update on Monday, signaling a more optimistic outlook for the 3D content platform's stock.
This move follows a series of recent analyst updates for Unity. Last week, Jefferies also raised its price target on Unity. This reflected positive sentiment toward the company's performance and growth prospects. Analysts give Unity's stock a consensus "Moderate Buy" rating.