Stock Market Today, Dec. 29: UiPath Edges Higher After Morgan Stanley Price Target Increase

UiPath (NYSE:PATH), closed Monday at $16.85, edging up 0.06%. The end-to-end automation platform provider is robotic process automation solutions with AI technology. Trading volume reached 31.3 million shares, coming in over 15% above its three-month average of 27.1 million shares.Monday’s action followed a Morgan Stanley price target hike. Investors will be watching how UiPath converts its recent profitability milestone into sustained AI-driven automation growth. UiPath IPO'd in 2021 and has fallen almost 75% since going public. The S&P 500 (SNPINDEX:^GSPC) slipped 0.35% to 6,906, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.50% to 23,474. Within the software infrastructure landscape, stock-specific news is driving prices more than broad sector trends. Industry peers such as Alcoa (NYSE:AA) and BP (NYSE:BP) showed mixed moves. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool