- 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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