Wells Fargo raised the firm’s price target on UiPath to $25 from $24 and keeps an Equal Weight rating on the shares. The firm notes UiPath printed a relatively clean Q4 and guided above on both revenue and margins for 2025. However, minimal 2025 deceleration and an implicit second half of the year re-acceleration makes the outlook appear less conservatively framed, possibly creating tougher setups ahead, Wells adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
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?