Macquarie raised the firm’s price target on UiPath to $29 from $28 and keeps an Outperform rating on the shares after the company reported “solid” Q4 results with “beats across the board.” Of note, the firm was “impressed” by UiPath’s reported $650M of cloud ARR, which reflects “strong” 70% year-over-year growth.
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?
