UiPath Inc. (PATH) PT Lowered to $80 at Cowen
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Get Alerts PATH Hot Sheet
Rating Summary:
9 Buy, 17 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 26 | New: 12
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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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