UiPath price target raised to $15 from $13 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on UiPath to $15 from $13 and keeps a Neutral rating on the shares. The company’s Q2 results demonstrated early success in its efforts to refocus on customer centricity, and while its top-line outlooks were raised marginally, its bottom-line forecast was up more substantially on the heels of operating discipline and significant share repurchases, the analyst tells investors in a research note.