Shares of UiPath (NYSE:PATH), a leader in Robotic Process Automation (RPA) software, are rising today after receiving some analyst praise. Keybanc analyst Jason Celino gave the company a Buy rating with a $27 price target, pointing to its dominant position in the automation market. In fact, it has a 36% market share in the automation sector despite competing against industry giants like Microsoft (NASDAQ:MSFT) and Salesforce (NYSE:CRM).
Furthermore, KeyBanc forecasts a potential Annual Recurring Revenue (ARR) growth rate of over 20% for Fiscal Years 2025 and 2026, driven by new products like Task Mining, Communications Mining, and Document Understanding.
Is PATH a Good Stock to Buy?
Overall, analysts have a Moderate Buy consensus rating on PATH stock based on eight Buys, 10 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After a 30% rally in its share price over the past year, the average PATH price target of $27.53 per share implies 27.45% upside potential.
