UiPath price target raised to $24 from $21 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on UiPath to $24 from $21 and keeps a Buy rating on the shares. The firm noted they posted upbeat 3Q results highlighted by NRR of 123% while steadily improving profit performance. Canaccord also noted 3Q marked the first quarter in 7 quarters that UiPath has added more ARR on a quarterly basis than the prior year.