Canaccord Genuity Maintains Buy on UiPath, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kingsley Crane has reaffirmed a Buy rating on UiPath (NYSE:PATH) and increased the price target from $21 to $24.
December 04, 2023 | 5:24 pm
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POSITIVE IMPACT
Canaccord Genuity analyst Kingsley Crane maintains a Buy rating on UiPath and raises the price target from $21 to $24, indicating a positive outlook on the stock.
The increase in price target by Canaccord Genuity suggests a strong confidence in UiPath's future performance. This endorsement from a reputable analyst is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100