BofA Retains an “Underperform” Rating on UiPath, Inc. (PATH)

UiPath, Inc. (NYSE:PATH) is one of the 8 Most Undervalued AI Stocks to Buy According to Hedge Funds.

On May 29, 2026, BofA raised its price target on UiPath, Inc. (NYSE:PATH) to $13 from $12. The firm maintained an “Underperform” rating on the shares. It noted fiscal Q1 results that came in above both its estimates and the Street and a higher full-year outlook. BofA said the print was “likely good enough” given valuation but flagged the need for clearer ARR acceleration before turning constructive.

A day earlier, on May 28, UiPath, Inc. (NYSE:PATH) reported first-quarter 2027 results with revenue of $418 million, growing by 17% year over year. The ARR of $1.901 billion jumped by 12%, and GAAP operating income was $28 million. On the other hand, non-GAAP operating income was $92 million.

CEO Daniel Dines said ARR growth reached 12% as agentic products moved from pilot to production, while CFO Ashim Gupta said the corporation exceeded guidance across key metrics and achieved its first quarter of GAAP profitability.

UiPath, Inc. (NYSE:PATH) is a firm that works in the development and provision of a software platform to automate business processes.

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