BMO Capital analyst Keith Bachman raised the firm’s price target on UiPath (PATH) to $13 from $12.50 and keeps a Market Perform rating on the shares. The company announced several products and partnerships, specifically highlighting key updates to the Maestro orchestration platform, but while the firm is encouraged by UiPath’s latest updates, the market is highly competitive and it will take time for these investments to contribute to top-line improvement, the analyst tells investors in a research note.
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:
- Cautious Optimism: Evaluating UiPath’s Market Position Amidst Competitive and Economic Challenges
- UiPath’s Strategic Shift to End-to-End Automation: Navigating Extended Sales Cycles and Future Monetization
- UiPath’s Gradual AI Adoption and Strategic Partnerships Justify Hold Rating
- How the Options Market Signals Bullish Intent on UiPath Stock (PATH)
- AI Daily: Cerebras raises $1B, CoreWeave signs $14.2B deal with Meta