RBC Capital raised the firm’s price target on UiPath (PATH) to $14 from $12 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q3 results in the Software sector. Software volatility remains elevated on the AI trade as there is a crowding effect with AI winners, though the firm’s checks for October off-quarter earnings were better than prior quarters, most notably from select cybersecurity vendors, as investors focus on ideas that can accelerate growth and benefit from AI trends, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PATH:
- Mixed options sentiment in UiPath with shareslittle changed
- Cathie Wood Calls Humanoid Robots the Biggest AI Investment Ahead
- Moderately bullish activity in UiPath with shares up 5.01%
- Private Markets: Crusoe raises $1.375B at valuation above $10B
- UiPath call volume above normal and directionally bullish