UiPath

PATH · NYSE

$13.43+$0.31 (+2.36%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $13.12

PATH analyst rating

HoldConsensus of 16 analysts over the last 12 months. 13% rate it a buy.

Strong buy0
Buy2
Hold12
Underperform2
Sell0

12-month price target · 21 analysts

Average $15.73 (+17.1% upside)

Low: $10.10
Now: $13.43
High: $24.15

Upgrades and downgrades

The latest rating actions, newest first

PATH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Sep 28, 2026	Downgrade	Neutral → Underperform	$10.00	43%
UBS	Sep 25, 2026	Maintains	Neutral	$15.00 → $14.00	73%
BMO Capital	Sep 24, 2026	Maintains	Market Perform	$18.00 → $15.00	66%
Canaccord Genuity	Sep 24, 2026	Maintains	Hold	$17.00 → $14.00	60%
TD Cowen	Sep 24, 2026	Maintains	Hold	$16.00 → $15.00	85%
Truist Securities	Sep 23, 2026	Maintains	Hold	$17.00 → $14.00	50%
TD Cowen	Sep 23, 2026	Maintains	Hold	$16.00	85%
RBC Capital	Sep 23, 2026	Maintains	Sector Perform	$17.00 → $15.00	61%
UBS	Sep 23, 2026	Maintains	Neutral	$19.00 → $15.00	73%
Needham	Sep 23, 2026	Maintains	Buy	$22.00	38%

The case for and against

Updated Oct 14, 2026

Bull case

UiPath is well positioned to benefit from a structural shift toward agentic automation, as coding agents are lifting developer productivity by ~59% and testing efficiency by as much as ~12x, while rising code volume expands demand for Test Cloud and Dark Factory. Its fundamentals are supported by a broad platform that monetizes governance, orchestration, and vertical outcomes rather than model inference, helping drive AI product ARR above $250M, DBNRR above 120% for BOAT customers, and more than 2,600 $100K+ customers. Profitability and cash generation also look attractive, with non-GAAP operating margin targeting 30%+, gross margin at 84% in FY/27, non-GAAP operating margin improving from 8% in FY/22 to 23% in FY/26, and SBC expected to decline toward 8-10% of revenue over the long term.

Bear case

UiPath is vulnerable to a worsening macro backdrop because contracting IT spending and slower SaaS/cloud adoption can lengthen sales cycles, raise quarterly volatility, and reduce software growth. Its highly fragmented market invites intense competition and deflationary pricing pressure, while cheaper new entrants and larger platform vendors can erode margins and force ongoing investment just to preserve differentiation. The company also depends on partner integrations and a concentrated customer base, so weaker renewals or expansion among the top 10% of customers could disproportionately pressure ARR and revenue, with downside estimates implying a lower 2.5x CY/27E EV/S multiple.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.