Credit Suisse Group Reiterates “Outperform” Rating with a $27.50 price target for UiPath (NYSE:PATH).
TD Cowen analyst Bryan Bergin will raise his price target on UiPath (NYSE:PATH) to $20 from $18 and maintain an outperform rating on the stock. The analyst said that adjusted operating profit exceeded expectations by 60 as the company performed a solid fourth quarter and financial guidance for 2024 provided a good annual recurring revenue (ARR) and revenue threshold, which was 3/4 above consensus expectations.
Mizuho analyst Siti Panigrahi will raise its price target on UiPath (NYSE:PATH) to $16 from $15 and maintain a neutral rating on the stock. The analyst told investors in a research note that the company had strong fourth-quarter results and provided fiscal 2024 growth guidance in line with investors’ daily outlook. The bank is encouraged by the latest results and UiPath’s continued repositioning of the market to businesses.
Wells Fargo: Raised its UiPath (NYSE:PATH) price target to $20 from $18.
Needham analyst Scott Berg reiterates UiPath(NYSE:PATH) with a Buy and maintains $20 price target.
UiPath(NYSE:PATH) Sees Q1 Revenue $270M-$272M Vs $269.14M Est., Sees FY24 Revenue $1.253B-$1.258B Vs $1.21B Est.
Barclays Adjusts Price Target on UiPath(NYSE:PATH) to $17 From $13, Maintains Equalweight Rating
UiPath(NYSE:PATH) Receives Price Target Boost to $17 From $15 From RBC After Fiscal Q4 Beat, Above-Estimates Guidance; Sector Perform Kept。
March 15, 2023 — UiPath, Inc. (NYSE: PATH), a leading enterprise automation software company, today announced financial results for its fourth quarter and full year fiscal 2023 ended January 31, 2023. UiPath, Inc. (NYSE: PATH) reported fiscal Q4 adjusted net income of $0.15 per diluted share, up from $0.05 a year earlier. Analysts polled by Capital IQ called for $0.07. Revenue for the quarter ended Jan. 31 was $308.5 million, up from $289.7 million a year earlier. Analysts surveyed by Capital IQ estimated $278.7 million. The automation software company said it projects fiscal Q1 revenue of $270 million to $272 million. Analysts polled by Capital IQ are looking for $269.6 million. Revenue for fiscal 2024 is forecast to be $1.25 billion to $1.26 billion. Analysts surveyed by Capital IQ are expecting $1.21 billion. “We delivered a very strong close to fiscal year 2023. Fourth quarter fiscal 2023 ARR grew 30…