Neutral/Negative Catalysts
- Price trend risk: Clear downtrend with weakening MACD—technicals still argue against buying dips prematurely.
- Options sentiment: Put-heavy volume indicates traders are positioning for further downside or near-term uncertainty.
- Expectations risk into 2026: Prior Street commentary highlights low visibility and challenging assumptions around growth/Unity ramp-up.
- Earnings risk: With the next report close, any miss on margins/guidance could break remaining supports.
- Analyst pushback: Recent downgrades/price target cuts (notably BofA’s underperform with $75 PT; Stifel to Hold) can cap near-term rerating.
