Shares of software provider UiPath (NYSE:PATH) surged in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2024. Earnings per share came in at $0.22, which beat analysts’ consensus estimate of $0.16 per share.
Sales increased by 31.4% year-over-year, with revenue hitting $405.25. This beat analysts’ expectations by $21.56 million.
Looking forward, management now expects revenue for Q1 2025 to be between $330 million and $335 million. Meanwhile, adjusted operating income is anticipated at $55 million. For Fiscal Year 2025, revenue is expected to land between $1.555 billion and $1.560 billion, with an adjusted operating profit of $295 million.
Is PATH Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on PATH stock based on three Buys, five Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After a 70% rally in its share price over the past year, the average PATH price target of $25.71 per share implies 5.24% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.
