Unity Software stock can ride a mobile gaming wave to huge upside, according to Bank of America.
U YTD mountain Unity Software stock.
The San Francisco-based company focuses on video game development through its in-house game engine Unity.
Analyst Michael Funk says the company will find success in monetizing its mobile game creation tool, and will dually benefit from higher gaming advertising.
"Improved monetization of U's industry leading mobile game creation engine paired with a stabilizing mobile game advertising market create a compelling risk-reward profile, in our view," Funk said.
Persons:
Michael Funk, Funk, Michael Bloom
Organizations:
Unity Software, Bank of America
Locations:
San Francisco