.September 12, 2024 at 6:00:18 PM

Oppenheimer maintains its “Perform” rating on Unity Software Inc. (NYSE:U), showing confidence in the company’s strategic direction. The decision to eliminate the controversial runtime fee and switch to a seat-based subscription model aims to regain trust and attract new customers. Unity’s stock price surged by approximately 12% post-announcement, reflecting positive investor sentiment towards the pricing policy adjustments. The market responded positively to the news, with Unity Software’s shares experiencing a notable uptick of around 7% in afternoon trading. The company’s market capitalization now stands at approximately $7.5 billion, signaling strong interest from the investment community.