Unity Software Analysts Increase Their Forecasts After Strong Q3 Results - Unity Software (NYSE:U)

Core Insights - Unity Software Inc reported better-than-expected third-quarter earnings and revenue, with earnings of 20 cents per share compared to an analyst consensus estimate of a loss of 23 cents per share [1] - The company achieved quarterly sales of $470.615 million, surpassing the analyst consensus estimate of $451.426 million [1] - Unity's fourth-quarter sales guidance is projected to be between $480 million and $490 million, exceeding market estimates of $474.134 million [2] Financial Performance - Third-quarter results exceeded expectations on both revenue and Adjusted EBITDA, driven by Unity Vector AI and continued strength in Create [2] - The company's stock fell 0.5% to $42.13 in pre-market trading following the earnings announcement [2] Analyst Ratings - Needham analyst Bernie McTernan maintained a Buy rating on Unity Software and raised the price target from $40 to $50 [5] - Wedbush analyst Alicia Reese also maintained an Outperform rating and increased the price target from $42 to $50 [5]