BMO Capital analyst Keith Bachman raised the firm’s price target on UiPath (PATH) to $13 from $12.50 and keeps a Market Perform rating on the shares. The company announced several products and partnerships, specifically highlighting key updates to the Maestro orchestration platform, but while the firm is encouraged by UiPath’s latest updates, the market is highly competitive and it will take time for these investments to contribute to top-line improvement, the analyst tells investors in a research note.
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