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Unity Software: Bizarre Outlook
UUnity Software(U) Seeking Alpha·2024-08-09 17:26

Vladimir Vladimirov/E+ via Getty Images We previously traded Unity Software Inc. (NYSE:U) a few years ago, before rates started rising. When rates started rising, many unprofitable or barely profitable, revenue growth tech type companies fell out of favor in a bad way. A few months ago, we labeled Unity a speculative buy after it got beaten down following Q1 earnings. However, shares have continued to face pressure. We continue to assert that the revenue declines are temporary, but it is now a "show me" sto ...