Unity Shares Soar 2.52% on Strong Earnings, Analyst Upgrades

Unity(U) shares rose to their highest level since February 2025 today, with an intraday gain of 2.52%.

Analysts have recently adjusted their ratings and price targets for Unity, contributing to the stock's volatility. Jefferies upgraded Unity from a Hold to a Buy, raising the price target from $22 to $29. Other analysts, including Needham, Stifel, and Barclays, have maintained their ratings but adjusted their price targets. The consensus price target for Unity is now $30.40, with a range from $15 to $61.

Unity's financial performance has also played a significant role in its stock price movements. The company reported first-quarter sales of $435 million, exceeding the consensus estimate of $416.92 million. Additionally, Unity reported adjusted earnings per share of 24 cents, surpassing the consensus estimate of a 36 cent-loss. The company provided second-quarter sales guidance ranging from $415 million to $425 million, compared to a consensus estimate of $423.45 million.