UiPath price target raised to $15 from $14 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on UiPath to $15 from $14 and keeps an Equal Weight rating on the shares. UiPath was able to offset slowing revenue growth with a FY25 raise to operating income and free cash flow targets, the analyst tells investors in a research note. Despite the near-term improvement, the firm continues to see shares range-bound given the transition and AI narrative noise.