UiPath Inc. (PATH) PT Raised to $16 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on UiPath Inc. (NYSE: PATH) to $16.00 (from $14.00) while maintaining a Sector Perform rating.

The analyst comments "UiPath reported another stable qtr with solid execution and outperformance across metrics. Restructuring noise is seemingly in the rearview, as management expects continued stability from here. Qualitative commentary is positive on agentic traction as more customers are developing/orchestrating agents on UiPath, but it remains early days for monetization. Following a good qtr, we look for continued stability and more material traction in the highly competitive agent orchestration opportunity. Maintain our SP rating and raise our PT to $16 from $14 on increased estimates."

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