Unity Software (U) is trading up 8.43% in pre-market action, rebounding sharply after BTIG reaffirmed its Buy rating and set an optimistic price target of $60.
- BTIG based its bullish stance on strong fundamentals, including anticipated 20% YoY Q4 growth and significant ROAS gains from the Unity Vector product.
- The firm also highlighted the potential of the D28 product ahead of the company's upcoming earnings report scheduled for February 11.
- The current price movement is recovering from a recent 24.22% weekly decline, moving against the broader NASDAQ trend.