In a report released yesterday, Michael Turrin from Wells Fargo maintained a Hold rating on UiPath (PATH – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $22.97.
Turrin covers the Technology sector, focusing on stocks such as Microsoft, HubSpot, and DocuSign. According to TipRanks, Turrin has an average return of -3.8% and a 47.73% success rate on recommended stocks.
Currently, the analyst consensus on UiPath is a Moderate Buy with an average price target of $27.53, implying a 19.85% upside from current levels. In a report released on March 20, Scotiabank also maintained a Hold rating on the stock with a $30.00 price target.
Based on UiPath’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $325.92 million and a GAAP net loss of $31.54 million. In comparison, last year the company earned a revenue of $262.74 million and had a GAAP net loss of $57.72 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
