UiPath price target raised to $18 from $16 at Barclays

Barclays raised the firm’s price target on UiPath to $18 from $16 and keeps an Equal Weight rating on the shares. The analyst sees the company’s Q2 results as a “small positive to the underlying story,” with lower sentiment into the print creating a potential short squeeze for shares. UiPath’s profitability and cash flow continue to be the highlight and management’s tone around customer conversations seem to be improving, though questions remain on bookings and new logos, the analyst tells investors in a research note.