RBC Raises UiPath Price Target on Improving Stability and Profitability Trends

Core Viewpoint - RBC Capital raised its price target on UiPath Inc. to $19 from $16 while maintaining a Sector Perform rating, citing a solid third-quarter report and early signs of stabilization [1] Group 1: Financial Performance - The analyst noted that discussions with UiPath's management reinforced confidence in recent improvements, including steadier net-new ARR performance and enhanced profitability, which could continue if execution remains solid [2] - The increased price target reflects a higher probability that stabilization will carry into the fourth quarter and beyond [3] Group 2: Market Position - Despite ongoing debates among investors regarding UiPath's competitive position in an increasingly agent-driven automation landscape, recent performance trends suggest potential for further share appreciation [2]