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UiPath (PATH) Receives a Hold from BMO Capital

In a report released today, Keith Bachman from BMO Capital maintained a Hold rating on UiPath (PATHResearch Report), with a price target of $29.00. The company’s shares closed last Wednesday at $29.04, close to its 52-week low of $23.93.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 10.7% and a 61.2% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, TELUS International (CDA), and Qualtrics International.

UiPath has an analyst consensus of Moderate Buy, with a price target consensus of $39.50, representing a 28.5% upside. In a report issued on March 29, Evercore ISI also assigned a Hold rating to the stock with a $36.00 price target.

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UiPath’s market cap is currently $15.25B and has a P/E ratio of -34.15.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PATH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

UiPath Inc creates an end-to-end platform that provides automation with user emulation at its core. Its platform is built to be used by employees throughout a company and to address a wide variety of use cases, from simple tasks to long-running, complex business processes. It generates revenue from the sale of licenses for its proprietary software, maintenance and support, and professional services. It generates a majority of the revenues from the US, followed by Romania and the rest of the world.

Read More on PATH:

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