01:05 PM EDT, 09/05/2025 (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 trim our target price to $13, from $14, on a forward EV/S multiple of 3.3x our FY 27 (Jan.) sales projection of $1.55B, below its three-year average and software peer group mean on a slower growth trajectory and macroeconomic risks. That said, we acknowledge PATH's solid Q2 results that reflect improved execution following a few quarters post-restructuring. The company's agentic AI platform is gaining traction with over 450 customers actively creating agents, supporting larger deal sizes and faster sales cycles. Net retention stabilized at 108%, while net new ARR ticked up sequentially to $31M during the quarter. PATH's full-year ARR expectations were also better than expected, and we are encouraged by Q2's performance, although we note the variable demand backdrop and competitive pressures that could derail its growth trajectory. We raise our FY 25 EPS view to $0.66 from $0.55, and lift our FY 26 EPS forecast to $0.73 from $0.62.