With the Recent Pullback, Is Unity Stock a Buy?
Coming off its IPO on Sept. 18 of last year, Unity Software (NYSE: U) had been one of the hottest stocks on the market. Shares were priced at $52 ahead of the company's public debut but reached as high as $170 over the last few months. But during the first six weeks of 2021, Unity's stock price has taken the rollercoaster back down, with shares backtracking 20% in value off recent highs.
With a large and growing market opportunity in Real-Time 3D (RT3D) content, is now the time to get this video game software development company's stock at a discount?
Before looking at Unity on its own, we need to understand the market it is going after. The RT3D industry is the set of software tools (or engines, as they are also called) that developers use to render lifelike virtual content across different devices like smartphones, desktop computers, and gaming consoles. The prime use case is video game developers, which use Unity and other engines to make their games more realistic.
Source Fool.com
