DA Davidson Lowers UiPath (PATH) Price Target to $13

UiPath, Inc. (NYSE:PATH) is among the 10 Best New AI Stocks to Buy. On March 12, DA Davidson lowered the firm’s price target on UiPath, Inc. (NYSE:PATH) to $13 from $15 while maintaining a Neutral rating on the shares. The firm noted that while the company delivered solid fourth-quarter results, including a beat on annualized recurring revenue and a better-than-expected outlook, certain factors weighed on investor sentiment. These included the inorganic contribution from the acquisition of WorkFusion, for ...