UiPath Gets Price Target Bumps By Analysts After Upbeat Q4 Results

UiPath Inc PATH reported better-than-expected Q4 results and issued strong revenue guidance.

UiPath posted quarterly revenue of $308.55 million, beating estimates of $278.62 million. The company’s earnings came in at 15 cents per share, topping estimates of 6 cents per share.

UiPath sees first-quarter revenue between $270 million and $272 million versus estimates of $269.14 million. The company expects the fiscal year 2024 revenue to be between $1.253 billion and $1.258 billion versus estimates of $1.21 billion.

UiPath shares gained 15.4% to $16.88 in pre-market trading.

These analysts made changes to their price targets on UiPath following the release of results.

• Barclays raised the price target on UiPath from $13 to $17. Barclays analyst Raimo Lenschow maintained an Equal-Weight rating.
• Morgan Stanley increased the price target on UiPath from $15 to $16. Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating.
• RBC Capital increased the price target on UiPath from $15 to $17. RBC Capital analyst Matthew Hedberg maintained the stock with a Sector Perform rating.
• Needham analyst Scott Berg reiterated UiPath with a Buy and maintained $20 price target.

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