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

Mizuho raised the firm’s price target on UiPath to $18 from $16 and keeps a Neutral rating on the shares. The company reported “solid” fiscal Q2 results above consensus and raised its fiscal 2024 guidance, the analyst tells investors in a research note. Although trends in net new annual recurring revenue and net customer adds continue to be pressured, management indicated that the go-to-market changes have been progressing well, says the firm.