UPDATE: Barclays Starts UiPath Inc. (PATH) at Equalweight

Street Starts Coverage of UiPath (PATH) With Mixed Ratings, Seen as a 'Clear Leader' in the Fast-Growing Workflow Automation Market But Some Say High Growth Already Priced In

The Street has initiated research coverage of UiPath (NYSE: PATH) stock with mixed views as high sales multiple incorporates bullish outlook for the company.

Analysts mostly agree that the company is a leader in the fast-growing workflow automation market, but the valuation remains tricky.

At least 19 firms have initiated coverage of the stock today with 8 having a Buy or equivalent rating on the stock. However, the majority of analysts opted to stay on the sidelines.

One of them is Morgan Stanley analyst Keith Weiss who sees high sales multiples as... More

UPDATE: Wells Fargo Starts UiPath Inc. (PATH) Sees Less than 1 Year Payback for Customers

(Updated - May 17, 2021 8:32 AM EDT)

Wells Fargo initiates coverage on UiPath Inc. (NYSE: PATH) with a Equal Weight rating and a price target of $75.00 on the belief that the company redefining the robotic process automation (RPA) space with a goal of enabling the 'fully automated enterprise' while offering... More

Truist Securities Starts UiPath Inc. (PATH) at Buy

Truist Securities analyst Terry Rillman initiates coverage on UiPath Inc. (NYSE: PATH) with a Buy rating and a price target of $80.00.

For an analyst ratings summary and ratings history on UiPath Inc. click here. For more ratings news on UiPath Inc. click here.

Shares of UiPath Inc. closed at $70.48 yesterday.

UPDATE: Canaccord Genuity Starts UiPath Inc. (PATH) at Hold

(Updated - May 17, 2021 7:00 AM EDT)

Canaccord Genuity analyst David Hynes Jr. initiates coverage on UiPath Inc. (NYSE: PATH) with a Hold rating and a price target of $70.00.

The analyst comments "If net dollar expansion is a measure of success on that front, so far the firm is doing pretty wellUiPath has... More

Mizuho Securities Starts UiPath Inc. (PATH) at Buy

Mizuho Securities analyst Siti Panigrahi initiates coverage on UiPath Inc. (NYSE: PATH) with a Buy rating and a price target of $77.00.

The analyst comments "UiPath offers a robotic process automation (RPA) platform that we believe has best-in-class functionality, ease of use and... More

JPMorgan Starts UiPath Inc. (PATH) at Neutral

JPMorgan analyst Mark Murphy initiates coverage on UiPath Inc. (NYSE: PATH) with a Neutral rating and a price target of $68.00.

The analyst comments "UiPath is the leader in Robotic Process Automation (RPA). It offers tools that enable companies to improve process efficiencies through... More

BofA Securities Starts UiPath Inc. (PATH) at Buy

BofA Securities initiates coverage on UiPath Inc. (NYSE: PATH) with a Buy rating and a price target of $85.00.

For an analyst ratings summary and ratings history on UiPath Inc. click here. For more ratings news on UiPath Inc. click here.

Shares of UiPath Inc. closed at $70.48 yesterday.

Evercore ISI Starts UiPath Inc. (PATH) at In Line

Evercore ISI initiates coverage on UiPath Inc. (NYSE: PATH) with a In Line rating and a price target of $72.00.

For an analyst ratings summary and ratings history on UiPath Inc. click here. For more ratings news on UiPath Inc. click here.

Shares of UiPath Inc. closed at $70.48 yesterday.

UPDATE: Cowen Starts UiPath Inc. (PATH) at Outperform

(Updated - May 17, 2021 5:41 AM EDT)

Cowen analyst Bryan Bergin initiates coverage on UiPath Inc. (NYSE: PATH) with a Outperform rating and a price target of $82.00.

The analyst comments "PATH is a leader in the process automation software market w/ top tier growth... More

UPDATE: Needham & Company Starts UiPath Inc. (PATH) at Buy

(Updated - May 17, 2021 5:39 AM EDT)

Needham & Company analyst Scott Berg initiates coverage on UiPath Inc. (NYSE: PATH) with a Buy rating and a price target of $85.00.

The analyst comments "We view PATH as a strong melding of what every growth... More

BMO Capital Starts UiPath Inc. (PATH) at Market Perform

BMO Capital analyst Keith Bachman initiates coverage on UiPath Inc. (NYSE: PATH) with a Market Perform rating and a price target of $80.00.

For an analyst ratings summary and ratings history on UiPath Inc.... More

UPDATE: Morgan Stanley Starts UiPath Inc. (PATH) at Equalweight

(Updated - May 17, 2021 5:54 AM EDT)

Morgan Stanley analyst Keith Weiss initiates coverage on UiPath Inc. (NYSE: PATH) with a Equalweight rating and a price target of $70.00.

The analyst comments "A clear leader in the early days of a large and fast... More

UPDATE: Oppenheimer Starts UiPath Inc. (PATH) at Perform

(Updated - May 17, 2021 6:05 AM EDT)

Oppenheimer analyst Brian Schwartz initiates coverage on UiPath Inc. (NYSE: PATH) with a Perform rating.

The analyst comments "We initiate coverage on UiPath (NYSE: PATH) with a Perform rating. UiPath is the... More

UPDATE: RBC Capital Starts UiPath Inc. (PATH) at Sector Perform

(Updated - May 17, 2021 5:55 AM EDT)

RBC Capital analyst Matthew Hedberg initiates coverage on UiPath Inc. (NYSE: PATH) with a Sector Perform rating and a price target of $74.00.

The analyst comments "We are bullish on UiPath's opportunity to expand their... More

UPDATE: KeyBanc Starts UiPath Inc. (PATH) at Overweight

(Updated - May 17, 2021 5:49 AM EDT)

KeyBanc analyst Michael Turits initiates coverage on UiPath Inc. (NYSE: PATH) with a Overweight rating and a price target of $82.00.

The analyst comments "Initiating coverage of Robotic Process Automation (RPA)/Enterprise Automation leader at Overweight (OW). RPA automates routine... More

UPDATE: Berenberg Starts UiPath Inc. (PATH) at Hold

(Updated - May 13, 2021 6:44 AM EDT)

Berenberg analyst Kingsley Crane initiates coverage on UiPath Inc. (NYSE: PATH) with a Hold rating and a price target of $64.00.

The analyst comments "Low-code and no-code software development approaches help businesses become more efficient without needing expert... More