In a report released on February 26, Matthew Hedberg from RBC Capital maintained a Hold rating on UiPath (PATH – Research Report), with a price target of $27.00. The company’s shares closed yesterday at $23.36.
According to TipRanks, Hedberg is a 5-star analyst with an average return of 12.0% and a 56.89% success rate. Hedberg covers the Technology sector, focusing on stocks such as Couchbase, F5 Networks, and Palo Alto Networks.
Currently, the analyst consensus on UiPath is a Moderate Buy with an average price target of $24.06, a 3.00% upside from current levels. In a report released on February 27, Wells Fargo also maintained a Hold rating on the stock with a $24.00 price target.
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PATH market cap is currently $13.21B and has a P/E ratio of -88.93.
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UiPath (PATH) Company Description:
UiPath Inc creates an end-to-end platform that provides automation with user emulation at its core. Its platform is built to be used by employees throughout a company and to address a wide variety of use cases, from simple tasks to long-running, complex business processes. It generates revenue from the sale of licenses for its proprietary software, maintenance and support, and professional services. It generates a majority of the revenues from the US, followed by Romania and the rest of the world.
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