UiPath Inc. (PATH) PT Lowered to $80 at Cowen
Get Alerts PATH Hot Sheet
Price: $18.89 --0%
Rating Summary:
13 Buy, 12 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 2
Rating Summary:
13 Buy, 12 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 2
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Cowen analyst Bryan Bergin lowered the price target on UiPath Inc. (NYSE: PATH) to $80.00 (from $84.00) while maintaining an Outperform rating.
The analyst commented, "2Q reflected continued demand strength w/ ARR +60% y/y on robust 144% net retention. PATH upped 2H ARR outlook above consensus and continues to invest aggressively. A high bar of expectations paired w/ rev rec noise in billings & volatile new logo iARR apt to pressure shares. However, sustainability of outsized growth via PATH's leading position in a massive TAM is attractive, in our view. PT $80."
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