Is UiPath (PATH) Poised For A Comeback After Its Recent Earnings Report?

UiPath Inc. (NYSE:PATH) is one of the 12 Best Mid-Cap AI Stocks to Buy According to Analysts. Raimo Lenschow from Barclays reaffirmed a Hold rating on UiPath Inc. (NYSE:PATH), along with the price target of $14 on June 1. The firm’s price target reflects an additional 33% upside from the current levels. This upside aligns with the median Wall Street analyst estimate of 15.7%, based on coverage from 23 analysts.

UiPath Inc. (NYSE:PATH) reported its first-quarter fiscal 2027 earnings on May 29, posting revenue of $418 million. Annual Recurring Revenue ARR for the quarter came in at $1.901 billion. On the profitability side, GAAP operating income reached $28 million, with non-GAAP operating income of $92 million. Adjusted free cash flow totaled $130 million.

CFO Ashim Gupta highlighted:

“During the first quarter, we repurchased 20 million shares at an average price of $11.47 and repurchased an additional 2 million shares at an average price of $9.63 through May 27, 2026.”

Going forward, the company expects the second-quarter revenue to range from $395 million to $400 million. In addition, ARR is expected to be between $1.929 billion and $1.934 billion. Non-GAAP operating income is estimated at approximately $75 million.

UiPath Inc. (NYSE:PATH) is a software infrastructure company that provides a range of robotic process automation (RPA) solutions. The company’s primary offering includes its UiPath platform.

READ NEXT: 12 Best Mid-Cap AI Stocks to Buy According to Analysts and 7 Best Data Centre GPU-as-a-Service Stocks To Buy.

Disclosure: None. Follow Insider Monkey on Google News.