Analysts Note: UiPath (NYSE:PATH), Palo Alto Networks (NASDAQ:PANW), Check Point Software (NASDAQ:CHKP)

Following stocks are moving in the mid-day session after key updates from analysts.

UiPath (NYSE:PATH) initiation details — Outperform at Credit Suisse; Target $75

Analyst Phil Winslow commented, “We are initiating coverage on UiPath with an Outperform rating and a price target of $75. The market opportunity in terms of global automatable wages is both massive and largely untapped: a robot for every person. We believe that UiPath, with the only purpose-built, end-to-end hyperautomation platform in the industry, is leading the paradigm shift toward the fully-automated enterprise. Although most investors understand the potential addressable market of robotic process automation (RPA), many are concerned that increasing competition in the RPA market will begin to slow UiPath’s growth. We believe that UiPath’s differentiated, end-to-end hyperautomation platform that can scale from individual workers to company-wide initiatives will enable the company to continue driving strong new customer acquisition, robust customer expansion, and attractive unit economics longer than Wall Street appreciates.”

PATH stock is up by 3.23% to $55.27 in the mid-day trading session on Tuesday.

Palo Alto Networks (NASDAQ:PANW): Assuming Coverage at Outperform with a $625 Price Target – Credit Suisse

Credit Suisse’s Phil Winslow states, “We believe that Palo Alto Networks’ best-in-class technology platform, large and growing on-premises installed base, broadening cloud-centric product portfolio, as well as management’s ability to execute its vision position the company to continue gaining share in the security market—driving strong sustained revenue and earnings growth that is not reflected in the stock’s valuation.”

PANW stock is up by 1.41% to $525.36 in the mid-day trading session on Tuesday.

Check Point Software (NASDAQ:CHKP): Initiate at Underperform with a $100 Price Target – Credit Suisse (115.53 -1.45)

Credit Suisse’s Phil Winslow notes, “Check Point has increased its investment in both organic and inorganic development as well as go-to-market initiatives. If this incremental spending were to be more successful than currently anticipated, Check Point could accelerate revenue growth faster-than-forecasted. Furthermore, if investor confidence in Check Point’s ability to reaccelerate growth were to increase, the stock’s multiple could rerate higher.”

CHKP stock is down by 0.42% to $116.49 in the mid-day trading session on Tuesday.