UiPath (PATH, Financials) got a lift from Wall Street after posting stronger-than-expected first-quarter results. RBC Capital raised its price target to $15 on Friday, maintaining a Sector Perform rating, with the stock last seen trading at $13.21. The company beat expectations on revenue and operating margins, while Annual Recurring Revenue also came in ahead of guidance.
UiPath's solid quarter was backed by an 82.6% gross margin and a current ratio of 2.95, signaling strong financial footing. Management raised full-year 2026 guidance, citing steady renewal rates and resilient performance in its Federal business—even as macroeconomic uncertainty lingers.
Analysts reacted with a mix of caution and optimism. BMO Capital lifted its target to $15.50, citing momentum in the deal pipeline. Mizuho and DA Davidson raised their targets to $14, pointing to solid execution and a successful product cycle, though both kept Neutral ratings. Needham stayed on Hold, flagging weaker net new ARR and retention metrics. KeyBanc maintained a Sector Weight rating, noting the early nature of automation adoption and macro concerns.
With price targets now ranging from $10 to $17, the street remains split. Investors will be watching for follow-through in Q2 and beyond to see if UiPath can build on its momentum.
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