Raymond James upgrades Unity Software to Outperform citing Google partnership
Raymond James raised its rating on Unity Software to Outperform and set a new price target after the company announced a strategic partnership with Google. The analyst highlighted strong execution in Unity’s Grow segment and a gross profit margin of 76% over the past twelve months. Unity’s shares rose about 2% in pre‑market trading following the upgrade. The upgrade was issued on October 8, 2026.
Why it matters
Raymond James expects the upgrade to provide upside potential of roughly 19% based on its revenue estimate, which could attract additional buying interest. The firm’s higher target price signals greater confidence in Unity’s growth prospects and may support the recent share price rally.
Key facts
- 1Raymond James upgraded Unity Software to Outperform from Market Perform on October 8, 2026. investing.com
- 2The firm set a price target of $54, implying about 19% upside from the current price of $45.44. investing.com
- 3The target price was based on 9 times the 2027 revenue estimate of $2.55 billion. investing.com
- 4Unity’s gross profit margin for the last twelve months was 76%. investing.com
- 5Unity shares rose roughly 2% in pre‑market trading after the upgrade. seekingalpha.com
- 6GuruFocus reported a price‑to‑sales ratio of 9.67 and insider selling of $51.0 million over the past 12 months. gurufocus.com
Open questions
- Price target differs between sources: $54 (material 1) versus $50.01 (material 3).
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.