Analyst Scoreboard: 9 Ratings For UiPath
Portfolio Pulse from Benzinga Insights
UiPath (NYSE:PATH) received 9 analyst ratings in the last quarter with a spectrum of views. The average 12-month price target is $22.0, up 17.33% from the previous $18.75. Analysts from firms like Canaccord Genuity, JP Morgan, and RBC Capital have raised their price targets, reflecting optimism about the company's prospects. UiPath's financial health shows strong revenue growth but below-average profitability and efficiency metrics. The company's market capitalization is below the industry average, and it has a low debt-to-equity ratio.
January 02, 2024 | 9:00 pm
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POSITIVE IMPACT
Analysts have raised their price targets for UiPath, indicating a positive outlook on the company's performance. The average price target has increased by 17.33%, suggesting potential upside for the stock.
The unanimous decision by analysts to raise their price targets for UiPath reflects a bullish sentiment that could positively influence investor perception and the stock price in the short term. The significant increase in the average price target, along with the company's strong revenue growth, are key factors that could drive the stock price up. However, the below-average profitability and efficiency metrics may temper some of the optimism, which is why the confidence score is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100