UiPath price target raised to $20 from $18 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on UiPath to $20 from $18 and keeps an Equal Weight rating on the shares. UiPath’s Q3 print was “clean,” extending its string of stable-to-improving quarters, the analyst tells investors in a research note. Wells thinks Q4 and FY25 will more clearly determine whether further improvement shows through or if growth trends fade.