Unity Software's Q2 Results Likely In Line With Expectations, Wedbush Securities Says

MT Newswires Live07-22

Unity Software's (U) Q2 financial results are expected to be largely in line with estimates, Wedbush Securities said in a note Wednesday.

The company is scheduled to release its Q2 results on Aug. 6.

On Unity's Q2 earnings call, analysts said they will be focused on management's commentary on the growth of the Vector platform, which has been framed as a compounding, back-half-weighted, runtime-data-driven opportunity.

Wedbush said the continued growth of the Vector platform, the shutdown of ironSource Ad Network, and plans to divest Supersonic mean the business mix is "cleaner" and highly concentrated on Vector and the core engine.

Analysts said about 60% of ironSource spend has already migrated to the Vector platform.

Wedbush retained an outperform rating on the stock and raised its price target to $36 from $32.

Price: 29.07, Change: -0.81, Percent Change: -2.70

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment