Unity assumed with a Neutral at Goldman Sachs - TipRanks.com
Briefly

Unity assumed with a Neutral at Goldman Sachs - TipRanks.com
"The firm is making a series of operating estimate changes to highlight a mix of sustained momentum around performance-oriented budgets throughout Q3, with heightened performance in July/August, continued industry headwinds from a weaker brand advertising environment with easing revenue headwinds emerging in September that might act an improved tailwind, and experimental budgets that remain more volatile, with smaller platforms still seeing more stalled or downside volatility to budgets in the September timeframe, the analyst tells investors in a research note."
"Goldman Sachs initiated coverage of Unity () with a Neutral rating with a price target of $38, up from $32.50 as part of a broader research note previewing Q3 results in Digital Advertising space."
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Goldman Sachs initiated coverage of Unity with a Neutral rating and set a $38 price target, up from $32.50. The firm revised operating estimates to reflect a mix of sustained momentum in performance-oriented advertising budgets during Q3 and heightened performance in July and August. Brand advertising remained weak, creating industry headwinds, while easing revenue headwinds emerged in September that could serve as an improved tailwind. Experimental advertising budgets remained volatile, with smaller platforms experiencing stalled or downside budget volatility in September. Analyst observations convey cautious optimism amid mixed digital advertising trends ahead of Q3 results.
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