tl;dr
UiPath (NYSE:PATH) received a rating of Overweight by the analysts at KeyBanc as the company's Robotic Process Automation software holds a leadership position in the market. Along with initiating coverage, KeyBanc also set a price target of $27 on UiPath. UiPath inched up 1% during early market trad...
UiPath (NYSE:PATH) received a rating of Overweight by the analysts at KeyBanc as the company's Robotic Process Automation software holds a leadership position in the market. Along with initiating coverage, KeyBanc also set a price target of $27 on UiPath. UiPath inched up 1% during early market trading Monday. "With improved execution, and an uptick in expansion/platform adoption activity in recent quarters, we believe the go-to-market and leadership changes over the last two years are beginning to bear fruit, which could translate to potential ARR growth upside of 20% in FY25 and FY26," according to KeyBanc analyst Jason Celino and others in a note. UiPath continues to add new products to its portfolio, such as Task Mining, Communications Mining and Document Understanding. Also, as more companies integrate generative artificial intelligence into their businesses, it should help as UiPath has leveraged AI in its products for years, Celino added. Despite UiPath facing competitive pressure from other horizontal software vendors such as Microsoft (MSFT) and Salesforce (CRM), UiPath continues to be the dominant player in the automation space holding a 36% market share, KeyBanc and Gartner data shows. UiPath has a Buy rating from both Wall Street and Seeking Alpha analysts. It has a Hold rating from Seeking Alpha's quant system, which regularly beats the market.
More about Uipath Inc
UiPath Inc (NYSE: PATH) Stock Analysis
UiPath Inc. provides an end-to-end automation platform offering a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. The company is headquartered in New York, New York.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Market Cap: $12.28B
Dividend Yield: None
Average Volume: 1,308,072
EPS: -0.16
P/E Ratio: 2.32
Earnings Date: -0.0687
Shares Outstanding: 1,308,072,000
Price: $27.94
52-Week Change: 0
52-Week High: 0.313
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its production of computer software, consumer electronics, and personal computers. The company's flagship software products include the Microsoft Windows operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. In terms of hardware, Microsoft is recognized for the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. As of 2020, Microsoft ranked No. 21 in the Fortune 500 rankings of the largest United States corporations by total revenue. It is also noted as the world's largest software maker by revenue as of 2016. Additionally, Microsoft is considered one of the Big Five companies in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 316.18 billion
Current Price: $38.47
Change: $2.86 ( 11.06%)
52-week High: $30.61
52-week Low: $0.363
Volume: 227,583,001
Average Volume: 460.92
EPS: $0.332
PE Ratio: 0.176
More about Salesforce.com Inc
Salesforce.com Inc Summary
Salesforce.com, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) service and also provides a complementary suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 292.85 billion
Current Price: $71.88
Dividend Yield: 0%
P/E Ratio: 4.2
52-Week Low: $35.79
52-Week High: $328.93
EPS: 4.952
Price/Book: 0.108
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