UiPath price target raised to $15 from $14 at BMO Capital

BMO Capital raised the firm’s price target on UiPath to $15 from $14 but keeps a Market Perform rating on the shares. The company generated largely in line Q2 results, which is positive after last Q’s challenges and the firm’s conviction in achieving estimates is moving modestly higher, though BMO also has “lingering concerns” about UiPath’s ongoing transition to an automation company, including the competitive dynamics, the analyst tells investors in a research note.