UiPath price target raised to $20 from $18 at TD Cowen

TD Cowen analyst Bryan Bergin raised the firm’s price target on UiPath to $20 from $18 and keeps an Outperform rating on the shares. The analyst said off of a solid 4Q, the company’s 2024 outlook yields good ARR and revenue starting points that are 3%/4% above consensus with adjusted operating income 60% ahead.