01:50 PM EDT, 05/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our rating on shares of PATH at Hold, but raise our target to $14 from $11, on a forward EV/S multiple of 4x our FY 26 (Jan.) sales projection of $1.55B, below its three-year average of 5.3x, and software peers. The multiple reflects PATH's lower growth profile and mixed metric performance during the quarter, which give us less confidence of its ability to accelerate its top line in the medium term. Macroeconomic uncertainty elevates performance risks, but we are encouraged by AI traction. We note healthy upmarket growth in Q1, while annual recurring revenue (ARR) of $1.69B (+12.3% Y/Y) was supported by large new logo adds, competitive displacements, and consolidation on PATH's full suite of capabilities, albeit trending lower than prior quarters. Dollar-based net retention rate continued to fall to 108% in Q1. We like the launch of its next-generation agentic platform, and see new AI solutions supporting momentum. We raise our FY 25 EPS view to $0.55 from $0.52 and FY 26's to $0.62 from $0.58.