Wells Fargo lowered the firm’s price target on UiPath to $14 from $15 and keeps an Equal Weight rating on the shares. The firm noted UiPath’s established position in robotic process automation, though there remains some uncertainty around where the growth/margin profile ultimately settles.
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Read More on PATH:
- Where Does UiPath (NYSE:PATH) Stand After Q1 Surprises and CEO Exit?
- Best Buy upgraded, Target initiated: Wall Street’s top analyst calls
- UiPath price target lowered to $14 from $28 at BMO Capital
- UiPath downgraded to Neutral from Outperform at Macquarie
- Unusually active option classes on open May 31st
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