UiPath price target lowered to $12 from $15 at Barclays

Barclays lowered the firm’s price target on UiPath (PATH) to $12 from $15 and keeps an Equal Weight rating on the shares. The company reported mixed Q4 results with a slight sales miss balanced by better than expected profitability, the analyst tells investors in a research note. The firm thinks “this would be acceptable given the current macro and sentiment,” but adds the significantly below Street sales guidance hurts UiPath’s “stabilization story and gives bears more to poke at.”