UiPath initiated at Overweight due to RPA leadership position: KeyBanc [Seeking Alpha]
UiPath, Inc. Class A (PATH)
Company Research
Source: Seeking Alpha
Along with initiating coverage, KeyBanc also set a price target of $27 on UiPath. UiPath inched up 1% during early market trading Monday. "With improved execution, and an uptick in expansion/platform adoption activity in recent quarters, we believe the go-to-market and leadership changes over the last two years are beginning to bear fruit, which could translate to potential ARR growth upside of +20% in FY25 and FY26," according to KeyBanc analyst Jason Celino and others in a note. UiPath continues to add new products to its portfolio, such as Task Mining, Communications Mining and Document Understanding. Also, as more companies integrate generative artificial intelligence into their businesses, it should help as UiPath has leveraged AI in its products for years, Celino added. Despite UiPath facing competitive pressure from other horizontal software vendors such as Microsoft ( MSFT ) and Salesforce ( CRM ), UiPath continues to be the dominant player in the automation space hol
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PATH
News
- UiPath Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining [Yahoo! Finance]Yahoo! Finance
- UiPath Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process MiningBusiness Wire
- Nokod Security Launches Platform to Secure Low-Code/No-Code Development Environments and Applications [Yahoo! Finance]Yahoo! Finance
- UiPath Announces Raghu Malpani Joins Company as Chief Technology Officer [Yahoo! Finance]Yahoo! Finance
- UiPath Announces Raghu Malpani Joins Company as Chief Technology OfficerBusiness Wire
PATH
Earnings
- 3/13/24 - Beat
PATH
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- PATH's page on the SEC website