Wedbush Maintains Outperform Rating On Unity Software (U) With A $70 Price Target

<p>Wedbush's Michael Pachter looks at the move higher in Unity Software following losses that were less-than-feared. Wedbush maintained its outperform rating on the the shares with a $70 price target. He noted Unity is likely to meet the high-end of its FY22 guidance, with significant top-line growth for several years. The company recently also entered into an agreement with China Mobile and Alibaba amid Applovin's $20B bid for the software company. </p><p><br></p>