UBS Initiates Coverage of UiPath (PATH) with Sell Recommendation

Fintel reports that on December 12, 2024, UBS initiated coverage of UiPath (NYSE:PATH) with a Sell recommendation.

Analyst Price Forecast Suggests 10.84% Upside

As of December 3, 2024, the average one-year price target for UiPath is $15.78/share. The forecasts range from a low of $13.13 to a high of $19.95. The average price target represents an increase of 10.84% from its latest reported closing price of $14.24 / share.

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The projected annual revenue for UiPath is 1,481MM, an increase of 4.94%. The projected annual non-GAAP EPS is 0.21.

What is the Fund Sentiment?

There are 748 funds or institutions reporting positions in UiPath. This is an decrease of 62 owner(s) or 7.65% in the last quarter. Average portfolio weight of all funds dedicated to PATH is 0.29%, an increase of 11.51%. Total shares owned by institutions decreased in the last three months by 6.92% to 353,773K shares. The put/call ratio of PATH is 0.45, indicating a bullish outlook.

What are Other Shareholders Doing?

ARK Investment Management holds 20,950K shares representing 4.48% ownership of the company. In its prior filing, the firm reported owning 29,747K shares , representing a decrease of 41.99%. The firm decreased its portfolio allocation in PATH by 26.73% over the last quarter.

ARKK - ARK Innovation ETF holds 17,178K shares representing 3.68% ownership of the company. In its prior filing, the firm reported owning 18,843K shares , representing a decrease of 9.69%. The firm decreased its portfolio allocation in PATH by 37.42% over the last quarter.

Sumitomo Mitsui Trust Holdings holds 14,170K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 18,448K shares , representing a decrease of 30.20%. The firm decreased its portfolio allocation in PATH by 27.20% over the last quarter.

Nikko Asset Management Americas holds 14,170K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 17,551K shares , representing a decrease of 23.87%. The firm decreased its portfolio allocation in PATH by 20.02% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,171K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 13,149K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in PATH by 5.03% over the last quarter.

UiPath Background Information
(This description is provided by the company.)

UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

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This story originally appeared on Fintel.

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