BMO Capital Maintains Market Perform on UiPath, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains a Market Perform rating on UiPath (NYSE:PATH) but lowers the price target from $28 to $14.
June 03, 2024 | 1:48 pm
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NEGATIVE IMPACT
BMO Capital has maintained a Market Perform rating on UiPath but significantly lowered the price target from $28 to $14.
The significant reduction in the price target from $28 to $14 by BMO Capital suggests a bearish outlook on UiPath's future performance. This is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100