Truist lowered the firm’s price target on UiPath (PATH) to $12 from $13 and keeps a Hold rating on the shares. The firm is assigning “slightly lower” free cash flow estimates, though it also sees the company’s results as solid and characterized by continued agentic AI traction and stability throughout the business as UiPath beat estimates across both the top and bottom lines, the analyst tells investors in a research note. Q2 highlights include agentic traction, deepening partner relationships, and stabilizing US public sector trends, the firm added.
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