12 Unstoppable Technology Stocks to Buy

9. Unity Software Inc. (NYSE:U)

Number of Hedge Fund Holders: 74

6-month performance: 86.57%

Unity Software Inc. (NYSE:U) is one of the Unstoppable Technology Stocks to Buy. On December 17, Clark Lampen from BTIG reiterated a Buy rating on the stock with a $60 price target. Earlier on December 11, Piper Sandler upgraded Unity Software Inc. (NYSE:U) from Neutral to Overweight and also raised the price target from $43 to $59.

Analysts at BTIG noted the company’s growth segment growth potential as the key factor behind their bullish outlook. The firm believes that the industry outlook is improving, which is expected to benefit the company significantly. The analyst noted that the market has yet to realize or discount the upside catalysts for Unity Software Inc. (NYSE:U). BTIG sees the share price of the company as undervalued, considering its intrinsic value and growth potential.

On the other hand, Piper Sandler noted that the mobile app advertising market continues to remain healthy. The firm noted that the health of the industry can be judged by over 15% quarter-over-quarter growth over the past 2 quarters in the company’s Vector ad business. The firm believes the growth is driven by Unity Software Inc.’s (NYSE:U) new machine learning model foundation. Piper Sandler added that the foundation is boosted by Runtime data, which enables the company to deliver accelerated growth in its Grow and Vector ads segment.

Unity Software Inc. develops a platform for creating and operating real-time 2D and 3D interactive content, primarily for games across mobile, PC, console, and XR devices.