On August 3, Unity Software Inc. rose 6.37% in regular trading, trading at $33.43/share, with turnover of $25.73 million.
On the news front, the company is scheduled to release its Q2 earnings on August 6 before market open. Market consensus expects revenue of $515 million, representing a 20.58% year-over-year increase. The prior quarter saw both earnings and Q2 guidance significantly exceed expectations, with adjusted EPS of $0.23 beating the consensus estimate of -$0.23. Additionally, the continued rollout of the AI-powered advertising platform Vector and the extension of a multi-year VR collaboration agreement with Meta have supported improving market sentiment ahead of the report.
Analyst coverage remains constructive. Wedbush recently raised its price target to $36 from $32 while maintaining an Outperform rating, and Morgan Stanley holds an Overweight rating with a $35 target, citing AI monetization potential and strong momentum in China. The average analyst price target stands at $36.13 with an overall overweight consensus rating.
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