UiPath (PATH) Q1 Earnings and Revenues Top Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2024
0mins
Should l Buy PATH?
Source: NASDAQ.COM
UiPath Quarterly Earnings:
- UiPath reported quarterly earnings of $0.13 per share, beating estimates and showing growth from the previous year.
- The company surpassed consensus EPS estimates for the fourth consecutive quarter.
- Revenues for the quarter ended April 2024 were $335.11 million, exceeding expectations.
- Stock performance has declined by 24.5% this year compared to the S&P 500's gain.
- The future stock performance will depend on management's commentary and earnings outlook.
Alithya Group Performance:
- Alithya Group is expected to report a quarterly loss of $0.02 per share, with revenues down from the year-ago quarter.
- The company operates in the same industry as UiPath and is awaiting its financial results.
Stock Recommendations:
- Zacks Investment Research highlights five stocks poised for significant growth in 2024.
- These stocks have been selected as potential gainers, with previous recommendations showing substantial increases.
- The report suggests that these stocks are currently undervalued opportunities for investors.
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Analyst Views on PATH
Wall Street analysts forecast PATH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PATH is 16.54 USD with a low forecast of 14.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
2 Buy
15 Hold
1 Sell
Hold
Current: 12.330
Low
14.00
Averages
16.54
High
19.00
Current: 12.330
Low
14.00
Averages
16.54
High
19.00
About PATH
UiPath, Inc. is an enterprise automation and artificial intelligence (AI) software company. The Company is focused on building and managing automations, starting with computer vision technology and user interface automations in its initial robotic process automation (RPA) offering. Its AI-powered UiPath Platform offers a robust set of capabilities that allows its customers to discover opportunities for automation, automate using a digital workforce that seamlessly collaborates with humans, and operate a mission critical automation program at scale. It enables employees to quickly build automations for both existing and new processes and to automate an array of actions, including logging into applications, extracting information from documents, moving folders, filling in forms, reading emails, and updating information fields and databases. Its platform allows users to design and combine UI automations, API integrations, and AI-based document understanding in a single workflow.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UiPath Shares Drop 23.2% Amid AI Concerns
- Significant Stock Decline: UiPath's shares plummeted 23.2% in January, primarily driven by investor fears regarding the impact of artificial intelligence on the enterprise software sector, despite the absence of major news, indicating fragile market sentiment.
- Intensifying Market Competition: With the rapid advancement of AI technologies, UiPath faces competition from AI-first platforms like Anthropic's Cowork, which can interact with applications through plugins, posing a threat to UiPath's traditional business model.
- Robust Revenue Growth: Despite challenges, UiPath reported a 16% year-over-year revenue increase in Q3 of fiscal 2026, with a dollar-based net retention rate of 107%, indicating strong enterprise adoption of its AI-augmented capabilities.
- Promising Technology Integration: UiPath is integrating AI into its RPA platform, enhancing workflow flexibility and adaptability by combining deterministic robots with AI agents, which could yield long-term benefits for investors, although significant uncertainties remain.
See More
Lumbard & Kellner Initiates Position in UiPath
- New Position Established: According to an SEC filing dated February 3, 2026, Lumbard & Kellner, LLC initiated a new position in UiPath by acquiring 224,337 shares during the fiscal fourth quarter, valued at approximately $3.68 million, indicating confidence in the company's potential.
- Portfolio Allocation: This investment represents 1.29% of Lumbard & Kellner's reportable U.S. equity assets totaling $285.53 million, highlighting the firm's strategic focus on UiPath within its investment portfolio.
- Market Performance: As of February 2, 2026, UiPath shares were priced at $12.54, reflecting an 11.8% decline over the past year, significantly underperforming the S&P 500 by 27.3 percentage points, which suggests market caution regarding its future growth prospects.
- Profitability Shift: Despite UiPath's P/E ratio of 30 being close to the S&P 500 average, its forward P/E ratio of 16 indicates that the stock has transitioned into a value stock, potentially attracting investors looking for undervalued opportunities amidst its significant profit growth.
See More
UiPath Stock Poised for Rebound by 2026
- Massive Market Potential: According to Mordor Intelligence, the agentic AI market is projected to grow from approximately $10 billion in 2026 to $57 billion by 2031, indicating strong growth potential that attracts investor interest.
- Strong Customer Demand: UiPath is currently orchestrating over 365,000 processes on its agentic AI platform, with a 98% retention rate among clients, demonstrating the company's leadership position and customer loyalty in the market.
- Improving Profitability: The company achieved an adjusted operating margin of 21% in the third quarter, which could lead to a revaluation of the stock, enhancing investor confidence.
- Undervalued Stock: Analysts expect UiPath's earnings to grow at an annualized rate of 26% over the next several years, while the stock is currently trading at just 21 times the 2026 earnings estimates, indicating its undervalued potential.
See More
UiPath Shows Strong Customer Retention and Improving Profitability
- High Customer Retention: UiPath boasts a remarkable 98% gross retention rate, indicating strong customer satisfaction and reliance on its platform, which lays a solid foundation for future revenue growth and stability.
- Improving Profitability: The company achieved an adjusted operating margin of 21% in the third quarter, reflecting successful cost control and operational efficiency, which could lead to a valuation rerating and further stock price appreciation.
- Market Growth Potential: Mordor Intelligence projects the agentic AI market to expand from approximately $10 billion in 2026 to $57 billion by 2031, presenting UiPath with significant growth opportunities that attract investor interest in its future performance.
- Optimistic Earnings Outlook: Analysts expect UiPath's earnings to grow at an annualized rate of 26% over the next several years, making the current stock price appear undervalued and providing investors with a compelling opportunity to buy at discounted levels.
See More
UiPath Stock Valuation Attracts Investors Amid AI Growth
- Valuation Appeal: After a decline of over 80%, UiPath stock trades at $12.59 with a price-to-sales ratio of 5, which, while not a bargain, has drawn investor interest due to its favorable valuation compared to historical peaks.
- Profit Outlook: The company is on track to achieve nearly $1.9 billion in revenue over the next two years and is expected to report its first profitable year, with gross margins at 83.16%, providing support for the stock price and boosting investor confidence.
- Market Positioning: UiPath focuses on automating repetitive office tasks, contrasting with Palantir's pursuit of high-value contracts, indicating that both companies have growth potential in their respective markets as demand for agentic AI rises.
- Government Business Expansion: UiPath is expanding its partnerships with the U.S. Coast Guard, Veterans Administration, and Social Security Administration, with management seeing substantial opportunities in the public sector, which will further enhance the company's competitive edge.
See More
UiPath's Competitive Edge in Agentic AI Market
- Profitability Improvement: UiPath is on track to achieve profitability, with projected revenues nearing $1.9 billion over the next two years, indicating significant growth potential and attractiveness in the agentic AI market.
- Government Business Expansion: The company is expanding its partnerships with government agencies such as the U.S. Coast Guard, Veterans Administration, and Social Security Administration, showcasing its competitive differentiation in the public sector.
- Attractive Market Valuation: Despite a price-to-sales ratio of 5 and a current share price of $14.31, UiPath's stock has fallen over 80% from its previous peak, making it an appealing buy opportunity for investors.
- Future Growth Expectations: With improving profitability and expanding margins, Wall Street anticipates rapid earnings growth for UiPath, further solidifying its position in the agentic AI market.
See More
UiPath Shares Drop 23.2% Amid AI Concerns
- Significant Stock Decline: UiPath's shares plummeted 23.2% in January, primarily driven by investor fears regarding the impact of artificial intelligence on the enterprise software sector, despite the absence of major news, indicating fragile market sentiment.
- Intensifying Market Competition: With the rapid advancement of AI technologies, UiPath faces competition from AI-first platforms like Anthropic's Cowork, which can interact with applications through plugins, posing a threat to UiPath's traditional business model.
- Robust Revenue Growth: Despite challenges, UiPath reported a 16% year-over-year revenue increase in Q3 of fiscal 2026, with a dollar-based net retention rate of 107%, indicating strong enterprise adoption of its AI-augmented capabilities.
- Promising Technology Integration: UiPath is integrating AI into its RPA platform, enhancing workflow flexibility and adaptability by combining deterministic robots with AI agents, which could yield long-term benefits for investors, although significant uncertainties remain.
See More
Lumbard & Kellner Initiates Position in UiPath
- New Position Established: According to an SEC filing dated February 3, 2026, Lumbard & Kellner, LLC initiated a new position in UiPath by acquiring 224,337 shares during the fiscal fourth quarter, valued at approximately $3.68 million, indicating confidence in the company's potential.
- Portfolio Allocation: This investment represents 1.29% of Lumbard & Kellner's reportable U.S. equity assets totaling $285.53 million, highlighting the firm's strategic focus on UiPath within its investment portfolio.
- Market Performance: As of February 2, 2026, UiPath shares were priced at $12.54, reflecting an 11.8% decline over the past year, significantly underperforming the S&P 500 by 27.3 percentage points, which suggests market caution regarding its future growth prospects.
- Profitability Shift: Despite UiPath's P/E ratio of 30 being close to the S&P 500 average, its forward P/E ratio of 16 indicates that the stock has transitioned into a value stock, potentially attracting investors looking for undervalued opportunities amidst its significant profit growth.
See More
UiPath Stock Poised for Rebound by 2026
- Massive Market Potential: According to Mordor Intelligence, the agentic AI market is projected to grow from approximately $10 billion in 2026 to $57 billion by 2031, indicating strong growth potential that attracts investor interest.
- Strong Customer Demand: UiPath is currently orchestrating over 365,000 processes on its agentic AI platform, with a 98% retention rate among clients, demonstrating the company's leadership position and customer loyalty in the market.
- Improving Profitability: The company achieved an adjusted operating margin of 21% in the third quarter, which could lead to a revaluation of the stock, enhancing investor confidence.
- Undervalued Stock: Analysts expect UiPath's earnings to grow at an annualized rate of 26% over the next several years, while the stock is currently trading at just 21 times the 2026 earnings estimates, indicating its undervalued potential.
See More
UiPath Shows Strong Customer Retention and Improving Profitability
- High Customer Retention: UiPath boasts a remarkable 98% gross retention rate, indicating strong customer satisfaction and reliance on its platform, which lays a solid foundation for future revenue growth and stability.
- Improving Profitability: The company achieved an adjusted operating margin of 21% in the third quarter, reflecting successful cost control and operational efficiency, which could lead to a valuation rerating and further stock price appreciation.
- Market Growth Potential: Mordor Intelligence projects the agentic AI market to expand from approximately $10 billion in 2026 to $57 billion by 2031, presenting UiPath with significant growth opportunities that attract investor interest in its future performance.
- Optimistic Earnings Outlook: Analysts expect UiPath's earnings to grow at an annualized rate of 26% over the next several years, making the current stock price appear undervalued and providing investors with a compelling opportunity to buy at discounted levels.
See More
UiPath Stock Valuation Attracts Investors Amid AI Growth
- Valuation Appeal: After a decline of over 80%, UiPath stock trades at $12.59 with a price-to-sales ratio of 5, which, while not a bargain, has drawn investor interest due to its favorable valuation compared to historical peaks.
- Profit Outlook: The company is on track to achieve nearly $1.9 billion in revenue over the next two years and is expected to report its first profitable year, with gross margins at 83.16%, providing support for the stock price and boosting investor confidence.
- Market Positioning: UiPath focuses on automating repetitive office tasks, contrasting with Palantir's pursuit of high-value contracts, indicating that both companies have growth potential in their respective markets as demand for agentic AI rises.
- Government Business Expansion: UiPath is expanding its partnerships with the U.S. Coast Guard, Veterans Administration, and Social Security Administration, with management seeing substantial opportunities in the public sector, which will further enhance the company's competitive edge.
See More
UiPath's Competitive Edge in Agentic AI Market
- Profitability Improvement: UiPath is on track to achieve profitability, with projected revenues nearing $1.9 billion over the next two years, indicating significant growth potential and attractiveness in the agentic AI market.
- Government Business Expansion: The company is expanding its partnerships with government agencies such as the U.S. Coast Guard, Veterans Administration, and Social Security Administration, showcasing its competitive differentiation in the public sector.
- Attractive Market Valuation: Despite a price-to-sales ratio of 5 and a current share price of $14.31, UiPath's stock has fallen over 80% from its previous peak, making it an appealing buy opportunity for investors.
- Future Growth Expectations: With improving profitability and expanding margins, Wall Street anticipates rapid earnings growth for UiPath, further solidifying its position in the agentic AI market.
See More
