UiPath Upgraded By JP Morgan On Hope Of Stable ARR Growth; Several Other Analysts Bump Up Forecasts
Several analysts raised the price target of UiPath, Inc. (NYSE:PATH) after the company reported strong fourth-quarter FY24 results yesterday.
The company reported quarterly earnings of 22 cents per share, which beat the analyst consensus estimate of 16 cents by 37.5%.
Quarterly sales clocked in at $405.253 million, beating the analyst consensus estimate of $383.826 million and representing a 31.34% increase over sales of $308.549 million from last year.
UiPath sees first-quarter revenue in a range of $330 million to $335 million, versus the $347.851 million estimate and fiscal year 2025 revenue in a range of $1.555 billion to $1.56 billion, vs. the $1.531 billion estimate.
Needham analyst Scott Berg raised the price target to $30 (from $25) at a Buy …
Full story available on Benzinga.com
