UiPath price target raised to $24 from $19 at RBC Capital

RBC Capital raised the firm’s price target on UiPath to $24 from $19 and keeps a Sector Perform rating on the shares. The company’s Q3 results were “again solid” as ARR growth of 24% showed minimal deceleration and 24% revenue growth “accelerated nicely”, the analyst tells investors in a research note. Momentum seems to be building into FY25, which could potentially show minimal deceleration, the firm added.