UiPath shares are trading lower after Wells Fargo downgraded the stock from Overweight to Equal-Weight and announced a $20 price target.
Portfolio Pulse from Benzinga Newsdesk
UiPath's stock has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a new price target of $20.
June 09, 2023 | 3:53 pm
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UiPath (PATH) downgraded by Wells Fargo to Equal-Weight, with a $20 price target, potentially impacting the stock price.
The downgrade by Wells Fargo from Overweight to Equal-Weight, along with the announcement of a $20 price target, may lead to a negative short-term impact on UiPath's stock price. Investors may perceive this as a sign of reduced confidence in the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100