Is It Too Late to Buy Unity Software Stock?
Unity Software's (NYSE: U) stock price rallied about 35% over the past month on two positive developments. First, the video game engine developer posted better-than-expected first-quarter results on May 10 and raised its full-year guidance. Second, (NASDAQ: AAPL) said it was working with Unity to develop mixed-reality apps for its new Vision Pro headset during its Worldwide Developers Conference on June 5.
Those two developments brought some bulls back to Unity, but its stock remains 30% below its initial public offering price and more than 80% below its all-time high. Is it the right time to buy Unity as a turnaround play, or is it too late to hop on the bandwagon?
Image source: Apple.
Source Fool.com
Apple Inc. Aktie
180,12 €
0,84 %
Leichte Kaufneigung bei Apple Inc., mit mehr Buy- als Sell-Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für Apple Inc. mit einem Kursziel von 200 € im Vergleich zum aktuellen Kurs von 180.12 €.
