Evercore ISI raised the firm’s price target on UiPath (PATH) to $15 from $11 and keeps an In Line rating on the shares following “encouraging” fiscal Q1 results. Revenue and operating margin exceeded expectations thanks to the company’s business model transformation and operational efficiencies, notes the analyst. A “solid start to FY26,” coupled with strategic moves in partnerships and operational efficiency, “sets a positive tone,” though consistent outperformance and further agentic strategy validation will be key to shifting investor sentiment, the analyst added.
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