UiPath (NYSE:PATH – Get Free Report) had its target price decreased by stock analysts at BMO Capital Markets from $14.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 4.45% from the stock’s previous close.
A number of other research firms have also recently weighed in on PATH. Wells Fargo & Company dropped their price target on UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Canaccord Genuity Group dropped their price objective on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Royal Bank Of Canada set a $14.00 target price on shares of UiPath in a research note on Wednesday, February 11th. Truist Financial decreased their price target on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of UiPath in a report on Friday. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.93.
Get Our Latest Stock Analysis on PATH
UiPath Stock Up 6.2%
UiPath (NYSE:PATH – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The firm had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts predict that UiPath will post 0.31 earnings per share for the current year.
Institutional Investors Weigh In On UiPath
A number of large investors have recently modified their holdings of PATH. Noble Wealth Management PBC bought a new position in shares of UiPath in the 4th quarter valued at $25,000. HighMark Wealth Management LLC acquired a new stake in UiPath in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new stake in UiPath in the fourth quarter valued at about $26,000. TD Waterhouse Canada Inc. grew its position in UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in UiPath during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.
UiPath Company Profile
UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.
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