Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independ
Shares of game engine maker Unity (NYSE:U)
jumped 12.4% in the morning session after Jefferies analyst Brent Thill raised his price target on the company to a Street-high of $35. The new price target represents a nearly 18% upside from the stock's previous close and a 20.69% increase from Jefferies' prior target of $29. The firm maintained its "Buy" rating, citing improving sentiment around Unity's ad-targeting model, Vector. Thill noted that positive mentions for Vector increased in the second quarter and that its Return on Ad Spend (ROAS) for clients improved to a 10%-20% lift, up from 5%-7% in the prior quarter. Driven by the expected improvements, Jefferies raised its revenue forecasts for Unity for 2025 and 2026. The analyst also highlighted that usage for the new Unity 6 engine is growing, indicating stability in the company's Create segment.
Shares of game engine maker Unity (NYSE:U)
jumped 3.9% in the morning session after a regulatory filing revealed a new, multi-million dollar investment from Stephens Investment Management Group. According to a filing with the Securities and Exchange Commission, Stephens Investment Management Group purchased 825,669 shares of Unity during the first quarter, a stake valued at roughly $16.2 million. This new position gives the investment firm approximately 0.20% ownership of the game development platform company. Large investments by institutional investors are often viewed positively by the market, as they can signal a strong belief in a company's long-term strategy and growth potential. The filing also noted that several other hedge funds and institutional investors have recently increased their holdings in Unity, suggesting a broader accumulation of the stock by professional money managers.
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains.
This unpredictability can shake out even the most experienced investors.
Top performers last week: Venture Global up 18.96% on LNG deal, SoFi up 14.29% on analyst coverage, Delta up 11.91% on earnings, Unity up 9.17% on price forecast, Moderna up 10.66% on FDA approval, PTC up 10.06% on acquisition rumors.
Shares of game engine maker Unity (NYSE:U)
jumped 5.2% in the morning session after the major indices rebounded (Nasdaq +1.4%, S&P 500 +1.0%) on hopes that the reported ceasefire between Israel and Iran will hold. This de-escalation in a volatile region helped to ease concerns about potential disruptions to global oil supplies, leading to a notable dip in crude oil prices.
