B of A Securities Downgrades UiPath to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded UiPath (NYSE:PATH) from Buy to Neutral and lowered its price target from $30 to $16.
May 30, 2024 | 10:35 am
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NEGATIVE IMPACT
B of A Securities has downgraded UiPath from Buy to Neutral and significantly lowered its price target from $30 to $16, indicating a less optimistic outlook for the company's stock.
The downgrade from Buy to Neutral and the significant reduction in the price target from $30 to $16 by B of A Securities suggests a less favorable view of UiPath's future performance. This is likely to negatively impact the stock price in the short term as investors react to the revised outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100