UiPath price target lowered to $14 from $28 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on UiPath to $14 from $28 and keeps a Market Perform rating on the shares after its Q1 results and adjusted guidance. The firm is citing the company’s “disappointing” reduced FY25 estimates, noting that while it still believes in its position as a leader in workflow automations with broad integrations and partnerships, the market is “competitive and dynamic”, the analyst tells investors in a research note. BMO adds that long-duration cash flow assets, such as UiPath, will face challenges in multiple expansion in the current interest rate environment.