BMO Capital analyst Keith Bachman raised the firm’s price target on UiPath to $28 from $24 and keeps a Market Perform rating on the shares. The company reported a “solid quarter”, and the firm was encouraged by anecdotes such as that “65 of the top 100 deals in the quarter had some element of platform”, the analyst tells investors in a research note, adding that a key catalyst for UiPath is demonstrating portfolio depth and breadth.
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