UiPath rises after Q4 revenue beat, PT hikes

UiPath

14/03/2024 13:30

** Shares of technology firm UiPath  PATH.N  rise 3.8% to
$25.35 premarket
    ** Company reported Q4 revenue of $405 mln on Wednesday, vs
analysts estimate of $383.8 mln - LSEG data
        ** At least 13 brokerages raise PT after results
        ** Net demand among enterprise clients remains "robust"
while operating in a variable environment - TD Cowen
        ** UiPath's focus on large enterprises is well aligned
with its platform approach, including a number of different AI
tools to deploy in tandem with automations - D.A. Davidson 
    ** Eleven of 23 brokerages rate stock "buy" or higher, 12
"hold"; median PT is $28 - LSEG data
        ** As of last close, stock down ~1.7% YTD    
    
 Brokerage           New PT              Old PT 
 D.A. Davidson       $24                 $20
 RBC                 $29                 $27
 Evercore ISI        $27                 $24
 J.P.Morgan          $28                 $22
 Wells Fargo         $25                 $24
 Morgan Stanley      $25                 $17
 Scotiabank          $30                 $29
 Mizuho              $25                 $22
 BMO                 $28                 $24
 BofA Global         $30                 $26
 Research                                
 Needham             $30                 $25
 TD Cowen            $28                 $25
 Canaccord Genuity   $30                 $27
 

    
    

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))