Unity’s heavy investments in R&D, coupled with a weak macro environment, mean the stock may continue to struggle in the short term. If the integration of ironSource can be successfully executed, a rebound in advertising and the commercialization of Weta tools should set Unity up well for the long term. The stock’s current valuation is more than reasonable given the company’s long-term prospects, although this is unlikely to matter in the short term due to Unity’s ongoing losses.
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