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Where Will Unity Software Stock Be in 3 Years?

TheMotleyFool

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Where Will Unity Software Stock Be in 3 Years?: https://g.foolcdn.com/editorial/images/714804/man-mobile-game.jpg

Unity Software (NYSE: U) attracted a stampede of bulls when it went public in September of 2020. The video-game engine developer priced its initial public offering (IPO) at $52, and opened at $75 before soaring above $200 last November.

But today, Unity's stock trades at less than $30. The former market darling lost its luster as investors fretted over its slowing growth, steep losses, and high valuation. Rising interest rates also exacerbated that selling pressure.

Could the stock recover from that ugly drawdown over the next three years? Let's review its current challenges and future catalysts.

Source Fool.com

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