** Shares of videogame software maker Unity Software U.N climb 8.8% to $32.30 premarket
** Stock set to open at its highest level in over four months, if gains hold
** Brokerage Jefferies raises its PT on stock to $35 from $29, the highest on Wall Street, according to data compiled by LSEG
** New PT represents a near 18% upside to stock's last closing price of $29.69
** Jefferies says it noted incrementally positive comments about U's ad targeting model Vector in its Q2 mobile game Ad Tech survey
** "We expect the impact of Vector to be seen over multiple quarters, and are overall encouraged by the q/q improvement," Jefferies says
** Brokerage maintains "buy" rating on stock; raises its FY25 and FY26 revenue forecasts by 2% and 3%, respectively
** Of the 29 brokerages that cover the stock, 14 rate it "buy" or higher, 14 "hold" and one "sell"; their median PT is $25.9
** As of Tuesday's close, stock was up about 32% YTD
(Reporting by Shashwat Chauhan in Bengaluru)
((Shashwat.Chauhan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.