Macquarie Downgrades UiPath to Neutral, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Frederick Havemeyer has downgraded UiPath (NYSE:PATH) from Outperform to Neutral and lowered the price target from $29 to $12.
June 03, 2024 | 2:03 pm
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Macquarie analyst Frederick Havemeyer downgraded UiPath from Outperform to Neutral and significantly lowered the price target from $29 to $12.
The downgrade from Outperform to Neutral and the significant reduction in the price target from $29 to $12 by a reputable analyst is likely to negatively impact investor sentiment and lead to a short-term decline in UiPath's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100