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

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 (ARR) and revenue threshold, which was 3/4 above consensus expectations.

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