UiPath Inc. (PATH) PT Lowered to $13 at Evercore ISI following Q4 report

Evercore ISI analyst Kirk Materne lowered the price target on UiPath Inc. (NYSE: PATH) to $13.00 (from $17.00) while maintaining a In Line rating.

The analyst commented, "Overall, it was a solid print and the guide would seem to leave some room for upside. That said, seeing the company’s AI initiatives translate into upside is likely required for the shares to see a larger ‘re-rate’ given that every software company is essentially ‘guilty until proven durable’ right now... We are still in the early days of agentic automation and monetization, but customer momentum, improved sales execution, and stabilization in ARR growth support the view that the business is on firmer footing heading into FY27. The story now shifts to whether PATH can expand automation solutions more broadly and deeply across its installed base and see AI translate more consistently into sustained ARR acceleration. Maintain IL but lower our PT to $13 (3x EV / CY27 revenue)."

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