U Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Unity Software (U) is currently trading at $23.16, near the lower end of its Fibonacci support levels. The stock is approaching a critical support zone, with the first support level at $23.02 and the second at $21.66. The Fibonacci pivot point is at $25.22, which could act as a resistance level if the stock attempts to rebound.
The Relative Strength Index (RSI) for Unity Software is currently at 47.22, indicating a neutral position without clear overbought or oversold signals. The MACD is slightly bullish, with the MACD line above the signal line, suggesting some upward momentum.
News and Sentiment Analysis:
Recent news indicates mixed sentiment. Wells Fargo analyst Alec Brondolo maintained a Hold rating with a price target of $22.00, while the average analyst consensus suggests a Moderate Buy with a higher price target of $30.32. Insider activity has been negative, with 92 insiders selling shares, including a significant sale by Director David Helgason.
The company has shown growth in non-gaming sectors, such as automotive and retail, with notable clients like Toyota and Raytheon. However, the recent announcement of a $600 million convertible senior notes offering has put pressure on the stock, leading to a decline in price.
Price Prediction and Recommendation:
Based on the technical indicators and recent news, Unity Software's stock is likely to face downward pressure in the next trading week. The stock is expected to trade near the lower end of its Fibonacci support levels, with a potential target price of $22.50.
Given the current technical setup and negative insider sentiment, the recommendation is to Sell Unity Software (U) in the next trading week.
U Similar Chart Price Prediction
The price of U is predicted to go up 13.1%, based on the high correlation periods with NVGS. The similarity of these two price pattern on the periods is 95.94%.
U
NVGS
Up: 13.1%Similarity: 95.94%
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U Analyst's Forecast
Tim Nollen
Macquarie
Sell → Hold
2025-03-10
Price Target
$16 → $24
Upside
+11.58%
Macquarie upgraded Unity to Neutral from Underperform with a price target of $24, up from $16, as a new analyst took over coverage of the stock. While stating that "there is still work to be done," the firm believes the Unity story is much improved ahead of the "crucial" Unity Vector migration, the analyst tells investors.
Matthew Cost
Morgan Stanley
Buy
2025-02-21
Price Target
$26 → $32
Upside
+12.91%
Mike Hickey
Benchmark
Strong Sell → Hold
2025-02-21
Price Target
n/a
Downside
0%
