Unity Software has enjoyed a streak of gains for eight consecutive trading sessions. This momentum was largely driven by multiple analyst upgrades and increased price targets. Piper Sandler, for instance, maintained an overweight rating and raised its price target for Unity from $150 to $152, highlighting the company's resilience and potential for market share expansion in the post-IDFA environment, as noted by The Street.

Supporting this bullish sentiment, Unity reported a narrower-than-expected loss of 2 cents per share, beating analyst expectations of an 11-cent loss. The company reported a substantial 48% year-over-year increase in revenue, reaching $273.6 million. Unity also raised its full-year guidance, signaling robust financial health and performance as detailed by The Street.

Investor confidence is further bolstered by recent leadership changes, with CEO John Riccitiello's retirement and James Whitehurst's appointment as interim CEO being positively received. Combined with Unity's strong market position in 3D graphics software and backing from major investors like Catherine Wood and PRIMECAP Management, these factors have supported Unity's impressive stock performance, according to Benzinga.