Truist Financial analyst Joel Fishbein reiterated a Buy rating on UiPath (PATH – Research Report) today. The company’s shares closed yesterday at $23.13.
Fishbein covers the Technology sector, focusing on stocks such as Check Point, Palo Alto Networks, and Zscaler. According to TipRanks, Fishbein has an average return of 17.8% and a 61.74% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UiPath with a $27.53 average price target, representing a 19.02% upside. In a report released today, Needham also reiterated a Buy rating on the stock with a $30.00 price target.
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PATH market cap is currently $13.05B and has a P/E ratio of -142.87.
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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.
