Oppenheimer has upgraded Unity Software from Perform to Outperform with a $38 price target, driving shares up 4.94% to $28.89 in morning trading. The upgrade comes as investors prepare for the company's Q4 earnings report scheduled for February 11.
- The bullish sentiment follows a period of volatility where Unity's valuation was pressured by competitive concerns regarding Google’s AI world-building technology.
- The stock is extending a recovery trend, building on a significant 9.64% gain recorded on February 9.
- Market activity suggests investors are repositioning in anticipation of a potential earnings beat in the upcoming financial disclosure.