Unity Software stock jumps after strong Q2 earnings and higher price target from Wells Fargo.

Unity Software reported strong Q2 results with revenue of $546.47 million, beating analyst estimates and showing a 24% year-over-year increase. The company posted an adjusted EPS of $0.28, a surprise profit compared to the expected loss. Wells Fargo raised the price target for Unity stock to $48, implying a 17.62% upside from the current price. Unity also projects higher Q3 revenue and significant profitability growth, signaling positive momentum ahead.