Evercore ISI raised the firm’s price target on UiPath to $27 from $24 and keeps an In Line rating on the shares. UiPath delivered “a solid finish to FY24,” with revenue, annual recurring revenue and operating profit all coming in “nicely ahead of expectations,” the analyst tells investors. Initial FY25 ARR guidance is slightly ahead of the Street and while operating margin guidance infers about 100 basis points in expansion in FY25, the firm expects that this “leaves some room for upside,” the analyst added.
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