William Blair analyst Jake Roberge has maintained their neutral stance on PATH stock, giving a Hold rating on September 22.
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Jake Roberge has given his Hold rating due to a combination of factors observed during the UiPath Fusion conference. While the company announced promising new products and partnerships aimed at enhancing its agentic AI capabilities, the adoption of these innovations appears to be gradual. Customers are still in the testing phase for many of these AI solutions, indicating a slower uptake in the near term.
Moreover, despite the strategic partnerships with industry leaders like OpenAI, Nvidia, and Snowflake, which are expected to bolster UiPath’s offerings, the full impact of these collaborations may take time to materialize. As a result, while there is optimism about UiPath’s future potential, the current pace of adoption and integration suggests a more cautious approach, justifying the Hold rating.