Citi Upgrades UiPath Stock Amid Post-Earnings Weakness
Citi analyst Yitchuin Wong upgraded UiPath (PATH) stock to 'Buy' with a $23 price target, suggesting over 60% upside from current levels. The move follows recent underperformance after the company's Q3 revenue guidance of $442.5 million missed expectations on September 3. Despite this, PATH remains above its 50-day moving average and is approaching oversold territory based on RSI readings. Wong highlighted UiPath’s role as an orchestration layer for enterprise AI deployment as a key long-term growth driver. The company's platform integrates legacy robotic process automation with modern generative AI tools, positioning it as mission-critical rather than optional software. Additionally, management is set to showcase its product roadmap at the upcoming Investor Day. UiPath has also raised its full-year revenue outlook above $1.789 billion, surpassing current consensus estimates. While Wall Street's average price target for PATH stands at $16.53 with a 'Hold' rating, Citi sees this as an attractive entry point amid the recent sell-off.
Topics: AI Integration Buy Rating Citi Analyst RPA UiPath