UiPath price target raised to $15 from $12 at DA Davidson

DA Davidson raised the firm’s price target on UiPath (PATH) to $15 from $12 and keeps a Neutral rating on the shares. The company reported good Q3 results with a larger than typical ARR beat while providing a better than expected guide, sending shares higher, the analyst tells investors in a research note. The firm adds it is incrementally positive towards UiPath as a result of the improved stability in the business but is waiting to see more consistent execution before getting comfortable with upside to growth.