- The shares of UiPath Inc (NYSE: PATH) have received a $57 price target from Barclays. These are the details.
The shares of UiPath Inc (NYSE: PATH) have received a $57 price target from Barclays. And Barclays analyst Raimo Lenschow reduced the price target on UiPath from $61 while maintaining an “Overweight” rating on the company shares.
Lenschow noted that the main question for software investors this year is not over end-demand as there are no issues there, but the correct valuation level for the space.
“Are we going back to the long-term average, or should software bounce back to the more recent highs given the exciting structural growth profile? We are in the former camp,” wrote Lenschow in a research note via TheFly.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.