Investors Rushed Into These 10 Stocks Today

4. Unity Software Inc. (NYSE:U)

Unity Software grew its share prices by 9.72 percent on Friday to close at $26.08 apiece as investor optimism was fueled by bullish outlooks from analysts.

On Friday, Morgan Stanley raised its price target for Unity Software Inc. (NYSE:U) to $15 from $12 previously, while reaffirming its Equalweight rating for the stock.

The revision was based on the company’s upgraded outlook for this year and the next, spurred by its strong first-quarter earnings performance.

Another investment firm, Jefferies, raised its stock recommendation for the company to “buy” from “hold” previously, with a price target of $29.

According to the company, the adjustment was based on expectations of enhanced revenue growth from its improved Vector ad model.

In recent news, Unity Software Inc. (NYSE:U) narrowed its net loss by 73 percent in the first quarter of the year to $77.9 million from the $291.5 million registered in the same period last year, while revenues declined by 5.4 percent to $435 million from $460 million year-on-year on the back of lower revenues from its core businesses.

For the second quarter of the year, Unity Software Inc. (NYSE:U) said that it is targeting to hit revenues between $415 million and $425 million, as well as adjusted EBITDA of $70 million to $75 million.