Unity Stock Soars: Risks And Promises Of The Metaverse


  • Unity stock has performed strongly in recent weeks even amidst a broader tech recovery.
  • Management believes that it has worked past the operational headwinds it faced in 2022.
  • The company has closed its acquisition of ironSource and is projecting positive cash flow generation in 2023.
  • I discuss the stock’s valuation in light of the tough macro backdrop.

Metaverse Cyberpunk Style City With Robots Walking On Street, Neon Lighting On Building Exteriors, Flying Cars And Drones

onurdongel/iStock via Getty Images

Unity (NYSE:U) has bounced strongly off the lows but remains a mere shadow of its stock price from only a year ago. At one point, the metaverse was a hot investing topic and U stood at

Data by YCharts

consensus estimates

Seeking Alpha

Disclosure: I/we have a beneficial long position in the shares of U, OKTA, TWLO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am long all positions in the Best of Breed Growth Stocks Portfolio.

Growth stocks have crashed. Want my top picks in the market today? I have provided for Best of Breed Growth Stocks subscribers the Tech Stock Crash List Parts 1 & 2, the list of names I am buying amidst the tech crash.

Get access to Best of Breed Growth Stocks:

  • My portfolio of the highest quality growth stocks.
  • My best 6-8 investment reports monthly.
  • My top picks in the beaten down tech sector.
  • My investing strategy for the current market.
  • and much more

Subscribe to Best of Breed Growth Stocks today!

Leave a Reply

Your email address will not be published. Required fields are marked *