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Why Unity Software Stock Soared on Wednesday


Unity Software (NYSE: U), a 3D graphics software specialist, rocketed 12.7% through 1:05 p.m. ET on Wednesday, and it's not hard to figure out why.

This morning, StreetInsider.com reported that Jefferies analyst Brent Thill raised his price target on Unity by more than 20% to $35 and reiterated his buy recommendation on the stock.

Image source: Getty Images.

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Source Fool.com

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