UiPath Analysts Boost Their Forecasts Following Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
UiPath Inc (NYSE:PATH) reported better-than-expected Q2 results, with earnings of nine cents per share and sales of $287 million, beating analyst consensus estimates. The company also provided upbeat Q3 and full-year 2024 revenue guidance. Following the earnings announcement, RBC Capital and BMO Capital increased their price targets on UiPath from $18 to $19, while Needham maintained a $20 price target. UiPath shares gained 2% in pre-market trading.
September 07, 2023 | 12:38 pm
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POSITIVE IMPACT
UiPath reported strong Q2 results and provided positive future guidance, leading to increased price targets from analysts. This positive news could lead to a short-term increase in the stock price.
UiPath's better-than-expected Q2 results and positive future guidance have led to increased price targets from analysts. This positive news is likely to increase investor confidence in the company, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100