UiPath Receives Morgan Stanley Price Target Increase to $19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Stock Price Increase: UiPath's stock closed at $16.85 on Monday, edging up 0.06%, reflecting market confidence in its future growth, particularly in the AI-driven automation sector.
- Surge in Trading Volume: The trading volume reached 31.3 million shares, exceeding the three-month average by over 15%, indicating strong investor interest in the company's prospects, which may drive future stock price increases.
- Profitability Milestone: UiPath is expected to exceed analyst expectations in its upcoming Q3 earnings report, with the stock gaining over 20% in the past month, showcasing market recognition of its profitability and growth strategy.
- Strategic Partnerships: The company has recently established key partnerships with OpenAI, Snowflake, and Nvidia, further solidifying its market position in automation and AI, which is expected to drive long-term growth.
PATH
$16.85+Infinity%1D
Analyst Views on PATH
Wall Street analysts forecast PATH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PATH is 13.67 USD with a low forecast of 12.00 USD and a high forecast of 17.00 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: 16.840
Low
12.00
Averages
13.67
High
17.00
Current: 16.840
Low
12.00
Averages
13.67
High
17.00
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.
