UiPath Stock News

On October 3, 2024, Hitesh Ramani, the Chief Accounting Officer of UiPath Inc (PATH, Financial), sold 25,000 shares of the company at a price of $12 per share. The transaction was documented in a recent SEC Filing.

A hot jobs report combined with still-dovish Fedspeak lifted the rate-sensitive software sector.

Subscribers to  Chart of the Week  received this commentary on Sunday, September 29.

Morgan Stanley analysts think UiPath stock could return 212% by September 2025, and Ark Invest analysts believe Roku shares could surge 712% by December 2025. UiPath is the market leader in robotic process automation software, and co-founder Daniel Dines was recently reappointed CEO to reinvigorate growth.

AI-related spending is set to grow 40% to 55% per year for the next three years. Spending on artificial intelligence will span hardware, software, and infrastructure.

UiPath has struggled this year as its growth rate has been slowing down and it's nowhere near posting a profit. The consensus analyst price target for the stock is nearly $18, suggesting a good amount of upside for investors.

The market for robotic process automation should expand dramatically. UiPath -- a key player in this cutting-edge field -- has felt some hiccups lately.

NEW YORK--(BUSINESS WIRE)--UiPath released its State of the Automation Professional Report that looks at the reality, future, and perception of automation in the workplace.