UiPath price target raised to $14 from $12 at BofA

BofA raised the firm’s price target on UiPath (PATH) to $14 from $12 and keeps an Underperform rating on the shares, noting the company’s better-than-expected results. However, the firm maintained its Underperform rating, given is view that UiPath’s growth and margin profile is limited by constraints in the robotic process automation category, the analyst tells investors in a research note. The firm believes that the RPA category has become a lower priority for CIOs and business managers in the face of agentic AI.