#6 - Unity Software (NYSE:U)
To this point, we’ve looked at a lot of the large-cap, low-risk names in the eSports sector. Unity Software Inc. (NYSE: U) is a mid-cap name that illustrates the risk and the reward of this sector. Unity Software provides a platform for developers and users to operate and monetize 3D content, such as video games.
Industry analysts believe Unity is likely to play a key role as eSports transitions from 2D to 3D virtual reality environments. In October 2024, the company launched its Unity 6 platform which the company believes will “enable the creation of better games, built more quickly and more efficiently than ever before.”
In late 2024, the company also announced that it was going back to its seat-based subscription model for its gaming customers. The expectation is that this will lead to more predictable revenue. Analysts are also encouraged by the company’s move into other sectors such as the automotive sector.
About Unity Software
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.
More- Current Price
- $19.37
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $22.81 (17.8% Upside)
