UiPath Slips 3% Despite Citi Buy Initiation and $23 Target, Pegasystems and C3.ai Lag
Shares of UiPath fell 3% to $13.55 midday Wednesday, even as Citi initiated coverage with a Buy rating and a $23 price target.
Why it matters — A prominent analyst Buy initiation and price target did not prevent the stock from sliding, which is notable for PATH investors monitoring market reaction to analyst coverage.