UiPath (PATH) Stock Given $30 Price Target From Wells Fargo

By Amit Chowdhry ● May 21, 2022
  • The shares of UiPath Inc. (NYSE: PATH) have received a $30 price target from Wells Fargo. These are the details.

The shares of UiPath Inc. (NYSE: PATH) have received a $30 price target from Wells Fargo. And Wells Fargo analyst Michael Turrin maintains an “Overweight” rating on the shares.

Turrin adjusted the rating ahead of UiPath’s first-quarter 2023 results. UiPath had announced it will report financial results for its fiscal first-quarter 2023 ending April 30, 2022, after the market closes on Wednesday, June 1, 2022. 

UiPath recently reiterated its financial outlook:

For the fiscal first quarter of 2023, UiPath expects:

— Revenue in the range of $223 million to $225 million

— ARR in the range of $960 million to $965 million as of April 30, 2022

— Non-GAAP operating loss in the range of $(30) million to $(25) million

For the fiscal full-year 2023, UiPath expects:

— Revenue in the range of $1,075 million to $1,085 million

— ARR in the range of $1,200 million to $1,210 million as of January 31, 2023

— Non-GAAP operating income in the range of $0 to $10 million

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