RBC Capital analyst Matthew Hedberg maintained a Hold rating on UiPath (PATH – Research Report) on March 28 and set a price target of $29.00. The company’s shares closed last Thursday at $22.67.
Hedberg covers the Technology sector, focusing on stocks such as UiPath, Autodesk, and F5 Networks. According to TipRanks, Hedberg has an average return of 12.1% and a 57.46% success rate on recommended stocks.
Currently, the analyst consensus on UiPath is a Moderate Buy with an average price target of $27.53, representing a 21.44% upside. In a report released on March 22, Wells Fargo also maintained a Hold rating on the stock with a $25.00 price target.
PATH market cap is currently $12.83B and has a P/E ratio of -140.02.
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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.
