UiPath (NASDAQ:PATH) PT Raised to $82.00

UiPath (NASDAQ:PATH) had its price target raised by research analysts at Truist Securities from $80.00 to $82.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the healthcare company’s stock. Truist Securities’ price target suggests a potential upside of 10.77% from the stock’s current price.

PATH has been the topic of a number of other research reports. DA Davidson assumed coverage on shares of UiPath in a report on Monday, May 17th. They set a “buy” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of UiPath in a report on Monday, May 17th. They set a “neutral” rating and a $68.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective on shares of UiPath in a report on Wednesday. Canaccord Genuity reissued a “hold” rating and set a $75.00 price objective (up previously from $70.00) on shares of UiPath in a report on Wednesday. They noted that the move was a valuation call. Finally, Bank of America assumed coverage on shares of UiPath in a report on Monday, May 17th. They set a “buy” rating and a $85.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $76.89.

PATH opened at $74.03 on Wednesday. The stock has a 50-day moving average price of $56.76. UiPath has a twelve month low of $61.50 and a twelve month high of $90.00.

UiPath (NASDAQ:PATH) last posted its earnings results on Monday, June 7th. The healthcare company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.07.

In related news, CEO Daniel Dines sold 1,383,168 shares of the stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $56.00, for a total transaction of $77,457,408.00. Also, major shareholder East Fund 2013 Sca Sic Digital sold 2,100,400 shares of the stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $56.00, for a total value of $117,622,400.00. Over the last three months, insiders have sold 5,011,241 shares of company stock valued at $280,629,496.

UiPath Company Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. It develops UiPath Studio, a platform designed for RPA developers looking to build complex process automations with built-in governance capabilities, such as robust debugging tools, application programming interface automation, wizards to automate desktop or web applications, leverage custom code, and to integrate machine learning models into production workflows.

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Analyst Recommendations for UiPath (NASDAQ:PATH)

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