Earnings Beat
UiPath Inc.’s stock rose after the company reported strong fourth-quarter and full-year results, beating expectations. The automation-software company reported a net loss of $27.7 million in the fourth quarter, or 5 cents a share, and revenue rose to $308.5 million. For the full year, UiPath reported a net loss of $328.4 million, or 60 cents a share, on revenue of $1.06 billion. UiPath’s co-CEO, Rob Enslin, stated that the company had “closed a record number of deals over $1 million” and now has 229 customers with $1 million or more in annualized renewal run rate. UiPath’s outlook also exceeded expectations, with the company expecting first-quarter revenue of $270 million to $272 million and full-year revenue of $1.253 billion to $1.258 billion.
Today’s Analyst Ratings
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- J.P. Morgan Chase & Co maintains a neutral rating on the stock and has raised its price target from USD 16 to USD 18.
- Morgan Stanley & Co. maintains an equal-weight rating on the stock and has set a price target of USD 15 to USD 16.
- Evercore ISI has increased its price target on the stock from USD 18 to USD 20.
- RBC maintains a sector perform rating on the stock and raised the price target of USD 15 to USD 17.
- Barclays maintains an equal-weight rating on the stock and raised the price target from USD 13 to USD 17.
- Wells Fargo & Company maintains an overweight rating on the stock and has raised its price target from USD 18 to USD 20.
- TD Cowen has increased its price target on the stock from USD 18 to USD 20.
- Mizuho Securities has set a price target of USD 16 on the stock.
PATH Stock Forecast & Analysis
18 analysts have forecasted an average target price of USD 17.86 for Uipath Inc’s stock over the next 12 months. The consensus analyst rating for Uipath Inc’s stock rating is a ” Buy”, indicating a positive outlook among analysts.
Stock Target Advisor’s own analysis, the stock is slightly bearish, which means that there are more negative signals than positive ones. The analysis is based on 2 positive signals and 4 negative signals, although it is not specified what these signals are.
Uipath Inc’s recent stock performance has the last closing at USD 14.64, which is lower than the average target price of USD 17.86 provided by the analysts. The stock price has also decreased by -5.18% over the past week, -13.06% over the past month, and -41.18% over the last year, indicating a decline in the company’s value over time.
