Here's Why Daiwa Is Optimistic On Roblox, Unity Software

Daiwa analyst Jonathan Kees initiated coverage on these two stocks with Outperform ratings.
Kees initiated Roblox Corp RBLX with an Outperform rating and a $56 price target (21% upside).
The analyst foresees the mobile gaming market expanding in the early teens and the metaverse market growing nearly triple digits.
Kees initiated Unity Software Inc U with an Outperform rating and a $110 price target (17% upside).
The analyst notes that the addressable market is growing, even though the competition is intense.
Price Action: U shares traded higher by 0.27% at $94.23, and RBLX shares traded lower by 1.68% at $46.28 on Monday's last check.