BMO Capital lowered the firm’s price target on UiPath (PATH) to $14 from $17 and keeps a Market Perform rating on the shares. The company’s Q4 results reflected continued stabilization in net new annualized recurring revenue, which points to improving execution and a more durable growth profile, the analyst tells investors in a research note, adding however that investors will need more evidence of sustained AI monetization moving forward to further support the shares.
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