In a report released yesterday, Bryan Bergin from TD Cowen maintained a Hold rating on UiPath, with a price target of $16.00.
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Bryan Bergin has given his Hold rating due to a combination of factors influencing UiPath’s current market position. The company has shown improved operational execution following its restructuring, with notable revenue growth and profitability in the recent quarters. However, despite these positive developments, the macroeconomic environment remains variable, and the company’s performance across different regions is inconsistent.
Moreover, while UiPath has made strides with its agentic solutions, the direct revenue impact from these innovations is still limited. The stock has experienced volatility, partly due to uncertainties surrounding the future of enterprise GenAI and agentic technology stacks. Institutional investors remain cautious, and while the company has improved its sales and operational execution, the broader skepticism persists. Therefore, Bergin maintains a Hold rating, reflecting a balanced view of the company’s current achievements and the challenges it faces.