Unity Software Stock Jumps After Upgrade. ‘It’s Game Time.’

Unity Software stock was surging Tuesday on an upgrade from a Morgan Stanley analyst who is “more confident than ever” in the videogame software maker’s long-term position. In a research note titled, ‘It’s Game Time,’ analyst Matthew Cost upgraded shares of Unity to Overweight from Equal Weight with an unchanged price target of $22. “With U shares trading near all-time lows both in terms of absolute price and valuation multiple, we see an opportunity for investors to reengage with the story,” Cost said.