Applications in the metaverse and rising interest in virtual reality (VR) are fueling higher demand among gaming platforms. One company that could stand to benefit is Unity Software (NYSE: U).

Unity was a fan favorite in the gaming community until a couple of months ago. A botched change in its pricing model, coupled with a shakeup at the executive level, caused many developers on its platform to sour on the company. And things haven't gotten off to a great start this year. Not even a month into 2024, Unity stock is down 19% on the year.

Let's dig into what's going on at the company and determine whether Unity is an attractive buy at its current valuation.

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Source Fool.com