UiPath Inc. (NYSE:PATH) is one of the best long term stocks to buy under $20. BMO Capital cut the price target on UiPath Inc. (NYSE:PATH) to $13 from $14 on June 1 and maintained a Market Perform rating on the shares. The firm told investors in a research note that UiPath Inc. delivered a good start to FY27 with revenue upside. However, Net New Annual Recurring Revenue was modestly below consensus on a constant currency basis. BMO believes that the larger AI-driven deals and strength in enterprise cohorts will drive net new ARR growth.
UiPath Inc. also received a rating update from BofA on May 29. The firm lifted the price target on the stock to $13 from $12 and reaffirmed an Underperform rating on the shares, telling investors in a research note that the company reported “good” fiscal Q1 results above the firm and Street estimates and raised the full year outlook. It also stated that although the quarterly results were “likely good enough given its discount multiple to its infrastructure software peers”, the firm is looking for more data points that support a sustainable ARR growth acceleration trajectory before turning more positive.
UiPath Inc. is involved in the development and provision of a software platform to automate business processes. The company serves the healthcare, public, finance, telecommunication, and banking industries, and also offers claims processing automation, accounts payable automation, finance and accounting automation, and contact center automation.
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