UiPath Slips 3% Despite Citi Buy Initiation and $23 Target, Pegasystems and C3.ai Lag

UiPath shares fell 3% to $13.55 midday Wednesday despite Citi initiating coverage with a Buy rating and a $23 price target. The decline indicates muted immediate investor response to Citi's bullish view, although the target implies roughly 70% upside from the reported share price.