UiPath price target raised to $22 from $18 at Mizuho

Mizuho raised the firm’s price target on UiPath to $22 from $18 and keeps a Neutral rating on the shares. The company reported strong Q3 results, delivering a revenue beat and continued progress in improving profitability, the analyst tells investors in a research note. While encouraged by management’s commentary around key customer wins, the firm awaits further progress in UiPath meaningfully reaccelerating its growth.