Why Unity Software Stock Just Jumped 8%
UUnity Software(U) The Motley Fool·2024-09-03 22:51

Morgan Stanley just called a bottom on plummeting Unity Software stock.Investment bank Morgan Stanley upgraded shares of 3D graphics software company Unity Software (U 8.77%) to overweight this morning, and raised its price target to $22 per share.Unity stock responded by soaring 8% through 10 a.m. ET Tuesday.What Morgan Stanley said about Unity stockQuoted by Street Insider this morning, Morgan Stanley analyst Matthew Cost cited significant price underperformance by Unity stock (down 57% over the last 52 w ...