Morgan Stanley raised the firm’s price target on UiPath to $25 from $17 and keeps an Equal Weight rating on the shares after the company reported a “strong” 6% revenue and 22% year-over-year annual recurring revenue, or ARR, growth that came in ahead of expectations. While the firm notes “sharper execution” in FY24, it is still waiting for a break out in net new ARR, leaving it on the sidelines.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PATH:
- Uipath Inc Earnings Report: Did it Beat Expectations?
- UiPath (NYSE:PATH) Surges after Stellar Q4 Performance
- Options Volatility and Implied Earnings Moves Today, March 13, 2024
- Options Volatility and Implied Earnings Moves This Week, March 11 – March 15, 2024
- PATH Earnings Report this Week: Is It a Buy, Ahead of Earnings?
