Canaccord Genuity analyst Kingsley Crane has maintained their bullish stance on PATH stock, giving a Buy rating on March 13.
Kingsley Crane has given his Buy rating due to a combination of factors that highlight UiPath’s strategic positioning and potential for growth. The company’s recent advancements in agentic automation, showcased during their Agentic AI Summit, demonstrate competitive capabilities that can complement existing RPA deployments. This positions UiPath as a potential end-to-end execution platform, addressing functional gaps that traditional RPA cannot fill.
Moreover, UiPath’s established reputation as a trusted automation partner, due to its strong governance and compliance features, enhances its appeal in the evolving landscape of AI and workflow automation. Despite recent stock performance challenges, including a significant drop after mixed earnings and a CEO transition, the current valuation presents an attractive opportunity for investors. Crane sees UiPath as a durable software asset, with its orchestration capabilities between AI models, automation tools, and human workflows offering a promising path for future value creation.
Crane covers the Technology sector, focusing on stocks such as Dynatrace, Qualys, and CyberArk Software. According to TipRanks, Crane has an average return of 2.6% and a 47.54% success rate on recommended stocks.
In another report released on March 13, FBN Securities also maintained a Buy rating on the stock with a $13.00 price target.