TD Cowen lowered the firm’s price target on UiPath to $16 from $17 and keeps a Hold rating on the shares. The firm said post its challenging 1Q and abrupt CEO change, the company delivered much-needed stabilization in 2Q. They noted uncertainty persists on demand and its sustainable growth outlook, as does execution risk on its restructuring program, but there is a more confident posture from management.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PATH: