BTIG Cuts Unity Software Price Target to $41, Cites IronSource Wind-Down; Buy Rating Intact
BTIG lowered its price objective on Unity Software (U) to $41 from $60 while keeping a Buy rating following the company’s decision to discontinue its ironSource advertising operations. The new target remains materially higher than the current share price, and the analyst firm highlights a tradeoff between near-term revenue headwinds and improved pr…