Unity Software Inc. ( NYSE:U – Get Free Report ) shares passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $42.23 and traded as high as $43.03. Unity Software shares last traded at $42.2940, with a volume of 28,307,089 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms have issued reports on U. Zacks Research downgraded shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research report on Monday. BTIG Research boosted their target price on Unity Software from $51.00 to $53.00 and gave the company a “buy” rating in a report on Friday, October 9th. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $47.10 target price for the company in a research report on Friday, August 7th. Finally, Morgan Stanley raised their price target on Unity Software from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given...