UiPath price target raised to $12 from $10 at BofA

BofA raised the firm’s price target on UiPath (PATH) to $12 from $10 and keeps an Underperform rating on the shares. The company’s Q1 results show more stable execution, which is “welcomed after choppier results” stemming from the recent restructuring and go-to-market changes, the analyst tells investors in a research note. The firm cites stabilizing execution for the target bump but continues to have secular concerns for UiPath.