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TD Cowen Raised its UiPath (NYSE:PATH) price target to $20 to maintain its outperform rating

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TD Cowen analyst Bryan Bergin will raise his price target on UiPath (NYSE:PATH) to $20 from $18 and maintain an outperform rating on the stock. The analyst said that adjusted operating profit exceeded expectations by 60 as the company performed a solid fourth quarter and financial guidance for 2024 provided a good annual recurring revenue … Read more

Wells Fargo raised its price target on Meta Platforms (NASDAQ:META) to $280 to maintain its overweight rating

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Wells Fargo raised its price target on Meta Platforms (NASDAQ:META) to $280 from $250 and maintained its overweight rating on the stock. The bank noted that Meta has strengthened its commitment to improving organizational efficiency, announcing the layoff of about 10,000 employees during 2023 and lowering its operating expenditure guidance for 2023 to $86 billion … Read more

Mizuho raised UiPath (NYSE:PATH) price target to $16 and maintain its neutral rating

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Mizuho analyst Siti Panigrahi will raise its price target on UiPath (NYSE:PATH) to $16 from $15 and maintain a neutral rating on the stock. The analyst told investors in a research note that the company had strong fourth-quarter results and provided fiscal 2024 growth guidance in line with investors’ daily outlook. The bank is encouraged … Read more

DA Davidson maintains Adobe’s (NASDAQ:ADBE) neutral rating and $350 price target

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DA Davidson analyst Gil Luria maintains a neutral rating on Adobe (NASDAQ:ADBE) and a $350 price target. The analyst told investors in a research note that the company is ready for slower growth in the software market in 2023 and that the acquisition of Figma represents a good strategic fit; Despite the limited upside in … Read more

Macquarie: Maintains Microsoft’s (NASDAQ:MSFT) neutral rating and $241 price target

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Macquarie analyst Sarah Hindlian-Bowler noted that OpenAI announced GPT-4, the latest version of its GPT AI model, a significant improvement over previous model versions, and Microsoft (NASDAQ:MSFT) also announced on Tuesday that the new Bing Search has been running on an earlier version of GPT-4 for the past five weeks. While the line says generative … Read more