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Esports Stock Rises Monday; Is It Time To Buy Unity Software Inc (U)?

Monday, February 26, 2024 01:42 PM | InvestorsObserver Analysts

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Esports Stock Rises Monday; Is It Time To Buy Unity Software Inc (U)?

Unity Software Inc (U) stock is higher by 4.7% Monday as the Esports stock increases $1.47 and outperforms the market. InvestorsObserver is giving Unity Software Inc (U) an Analyst Rating Rank of 16, meaning U is ranked higher by analysts than 16% of stocks. The average price target for U is $33.6 and analyst’s rate the stock as a Buy.

Overall Score - 3.3
Wall Street analysts are rating U a Buy today. Find out what this means to you and get the rest of the rankings on U!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Unity Software Inc Stock Today?

Unity Software Inc (U) stock is higher by 4.7% while the S&P 500 is lower by -0.26% as of 1:38 PM on Monday, Feb 26. U is higher by $1.47 from the previous closing price of $31.26 on volume of 9,586,348 shares. Over the past year the S&P 500 is higher by 27.46% while U is higher by 10.43%. U lost -$2.32 per share the over the last 12 months. Click Here to get the full Stock Report for Unity Software Inc stock.

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