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Coatue's Philippe Laffont Just Bought Shares of This Beaten-Down Growth Stock That Wall Street Predicts Will Soar 80%


Published on 2025-03-04 23:01:09 - MSN
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  • The S&P 500 has soared in recent times, delivering two consecutive years of double-digit gains, and investors -- from billionaires to small retail investors -- have piled into some of the biggest winners.

Philippe Laffont, the founder of Coatue Management, recently purchased shares in Unity Software Inc., a company known for its real-time 3D development platform. Despite Unity's stock plummeting by 85% from its peak in November 2021, Laffont's investment signals confidence in its future. Unity has faced challenges including a significant revenue miss in its latest earnings report, leading to a drastic reduction in its full-year revenue guidance. However, Wall Street analysts remain optimistic, with a consensus price target suggesting an 80% potential increase from its current price. This optimism is fueled by Unity's strategic moves like the acquisition of ironSource, aimed at enhancing its advertising capabilities, and its continued growth in the gaming industry, which is expected to expand significantly. Despite the current setbacks, Unity's long-term growth prospects in the expanding digital content creation market make it an attractive investment.

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