UiPath making most aggressive bets on GenAI, says DA Davidson

DA Davidson analyst Gil Luria keeps a Neutral rating and $17 price target on UiPath after attending the company’s Forward VI user conference. The firm was “impressed with the launch of UiPath Autopilot, the attendance of 3,000+ customers, partners, and investors, and the diversity of use cases” that the company’s customers and prospects are tackling with the UiPath platform, the analyst tells investors in a research note. UiPath is making among the most aggressive organizational bets on Generative AI observed in the firm’s vertical software coverage, DA Davidson added.