JP Morgan Maintains Neutral on UiPath, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy has maintained a Neutral rating on UiPath (NYSE:PATH) and increased the price target from $19 to $22.
December 01, 2023 | 7:29 pm
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POSITIVE IMPACT
JP Morgan has maintained a Neutral rating on UiPath and raised the price target from $19 to $22, indicating a positive outlook on the stock's value.
The increase in price target from JP Morgan suggests a positive reassessment of UiPath's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at the moment, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100