UiPath price target raised to $16 from $13 at Evercore ISI

Evercore ISI raised the firm’s price target on UiPath to $16 from $13 and keeps an In Line rating on the shares after the company delivered “strong” Q2 results. While “encouraged” by the Q2 results, the firm believes that streamlining the organization and improving execution will be “a multi-quarter process, especially through the continued macro chop,” the analyst tells investors.