UiPath price target raised to $17 from $12 at Truist

Truist raised the firm’s price target on UiPath (PATH) to $17 from $12 and keeps a Hold rating on the shares following “solid” Q3 results that beat the firm’s estimates across the top and bottom line. The firm remains “a bit cautious” as it looks for both sustained execution signals and a growth inflection via agentic before becoming more constructive, but cites higher revenue estimates and an improved valuation outlook for its raised target.