Unity Software Inc. (stock code U) saw its shares soar 10.36% in the last 24 hours as of Wednesday's trading session, continuing its strong upward momentum.
The rally appears to be driven by positive analyst sentiment, with UBS maintaining its Neutral rating on the stock but raising its price target from $21 to $23. Another firm, FactSet, also listed Unity Software as having an average Overweight rating among analysts with a mean price target of $23.37.
The surge in Unity Software's stock price came amid a broadly positive day for U.S. markets, with the NASDAQ Composite and Dow Jones Industrial Average both closing higher.
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