Down Over 60% Year to Date, Can Unity Software Stock Rally?

Why there could be a better stock to buy in the space. In its first earnings report under Matt Bromberg, the new CEO of Unity Software (U 6.84%) slashed the company's guidance for the year and looked to reset expectations. It is the next step in trying to turn around a company that has seen its stock slump over 60% in 2024. Let's take a close look at Unity's most recent earnings report and the potential for a turnaround. Slashing guidance Things started to turn south for Unity last fall when the company tri ...