Unity Software Stock Trades Near All-Time Lows. Here's What It Would Take to Outperform the S&P 500 Over the Next 5 Years
Unity Software(U) The Motley Fool·2024-07-20 21:40
The growth potential and better valuation are there. But can the software company make improvements to the bottom line?In 2021, the metaverse was creating the loudest buzz in the investing world, and Unity Software (U -0.98%) was seen as a key architect of that future. The stock soared past $200 per share because management said it expected to grow revenue at a compound annual growth rate of at least 30% for the foreseeable future.In the first quarter of 2024, Unity's revenue dropped 8% year over year. In s ...