Should You Buy Unity Software Stock After a 36% Dip in a Year?

Unity Software (U) shares have plunged 36.3% in the trailing 12 months, underperforming the Zacks Internet – Software industry, Zacks Computer and Technology sector and the S&P 500 index’s decline of 5%, 7.6% and 2.2%, respectively.The company’s underperformance can be attributed to several external factors like macroeconomic headwinds and intense competition that are affecting investor confidence. Despite the market's negative reaction, U’s strategic initiatives reveal promising future growth potential. Le ...