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The team of Doug Clinton and Steve Van Sloun at Loup Ventures made a bullish case for Unity Software (NYSE: U), a company in which they have owned a stake since before the IPO in a blog post. 



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“Unity is on the road to becoming the next great creative software company,” Clinton and Van Sloun said. 

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Unity offers three major elements for a long-term thesis, the tech venture capitalists said: gaming as a social network, physical and virtual worlds merging and the growth of augmented and virtual reality.

Loup Ventures compared Unity to Adobe Inc (NASDAQ: ADBE) and Autodesk Inc (NASDAQ: ADSK), two publicly traded creative software companies.

Adobe, Autodesk Parallels: Loup Ventures notes that many of Unity’s customers are also using Adobe Creative Cloud and Autodesk products like AutoCAD, Revit and Maya.

Loup Ventures believes Unity has a shot at hitting the market

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Unity paid a Lead Backend Engineer in California a salary of $225,000

An Oculus Quest all-in-one VR device is shown in an undated 2019 photo released by Facebook January 22, 2020. Facebook/Handout via REUTERS

Oculus Quest all-in-one VR device.

Reuters


Engines require engineers. A majority of the jobs Unity hired for from overseas candidates were engineering positions. These workers help determine the broad swath of what Unity’s software can do. Some were common positions in software development, like backend engineers who work behind the scenes. Others were more idiosyncratic, like a “Robotics Simulations Engineer.”

Backend Engineer: $140,000 – $117,770

Backend Engineer, Monetization: $140,000 – $117,770

Backend Software Engineer, Golang: $159,000 – $137,259

Dev Ops Engineer: $120,000 – $81,141

Engineering Manager: $175,000 – $160,701

Full Stack Engineer, Monetization: $140,000 – $119,122

Full Stack Engineer, Monetization Engineering: $165,000 – $137,259

Lead Backend Engineer: $225,000 – $156,749

Lead engineer: $140,000 – $117,770

Lead Virtual Reality Engineer: $190,032 – $153,795

Machine Learning Engineer: $160,000 – $113,381

Machine Learning Graphics Engineer: $165,000 – $140,670

Robotics Simulations Engineer:

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Why Unity Software Stock Spiked Today

September 28, 2020 | software | No Comments

What happened

Shares of Unity Software (NYSE:U) are climbing today after an analyst initiated coverage of the company on Friday with a buy rating. Shares jumped by as much as 10.3% this morning, before settling slightly lower. As of 11:25 a.m. EDT, Unity’s stock was up 8.9%. 

So what

D.A. Davidson analyst Franco Granda started his coverage of the stock at the end of last week with a price target of $100. Investors have been excited about Unity ever since the company went public less than two weeks ago, and the buy rating Granda slapped on the stock helped push shares up even higher. 

Since the company’s initial public offering (IPO) on Sept. 18, Unity’s shares have climbed 43%.  

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Image source: Getty Images.

Unity makes software that’s used by video game publishers and competes with Epic Game’s Unreal Engine. Granda believes that Unity’s software will not only benefit from the

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Unity Software’s  (U) – Get Report “growth story has legs,” according to an analyst from D.A. Davidson, who initiated coverage of the game-development-engine company with a buy rating and a $100 price target.

Shares of the San Francisco company at last check were up 2.2% to $85. The price target indicates 20% upside from Thursday’s closing price at $83.20.

Analyst Franco Granda said in a note to clients that “we expect a meaningful revenue ramp in the years ahead.”

Unity currently dominates the mobile-gaming market, which is the largest piece of the overall gaming market and the fastest growing one, Granda said. 

The analyst said Unity “has earned this pole-market-share position thanks to its vast creative tools for 2D/3D graphics rendering, cost, and ease of use.”

“We like Unity for four reasons: exposure to the entire gaming market; significant growth opportunities in applications beyond gaming; a hybrid revenue

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