(APP) abandoned its $20 billion offer to buy Unity in September.
Nearly a year ago, IronSource agreed to be acquired by Unity for $4.4 billion, and the deal closed in November, after AppLovin Corp.
#Unity software stock target price pro
Fitzgerald said in a note that "waning metaverse hype" and questions about IronSource being the "right asset, wrong price, inopportune time" have "overshadowed a meaningful mobile cross-sell opportunity, cost synergies, and Industry -creating an attractive buying opportunity."Īlso on Tuesday, Unity said it launched a "dedicated AI marketplace" on its site for verified- and community-built software for developers.Įarlier in June:Unity stock rockets on Apple Vision Pro partnership On Tuesday, Wells Fargo analyst Brian Fitzgerald initiated coverage of Unity shares with an overweight rating and a $48 price target. Unity (U) shares rose 15.4% to close near highs of the day at $42.38, compared with a 1.1% gain by the S&P 500 index. shares rallied more than 15% on Tuesday after the software company introduced a new marketplace focused on artificial intelligence and an analyst highlighted overlooked opportunities from a recent acquisition. AppLovin stock goes along for the ride as Wells Fargo analyst says 'waning metaverse hype,' complaints about Unity's IronSource acquisition distract investors from opportunities
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