UiPath Raises Price Target to $22 After 16% Q3 Revenue Growth
Analyst Matthew Hedberg lifts UiPath’s price target to $22 after Q3 EBIT profitability and 16% revenue growth year-over-year. The company forecasts a 9.7% revenue increase for Q4 and has secured strategic AI-driven automation partnerships despite a 24% stock price decline.
1. Price Target Increase
RBC Capital analyst Matthew Hedberg raised his price target on UiPath to $22, up from the prior average of $14, reflecting increased confidence in the company’s automation and AI growth prospects.
2. Q3 and Q4 Financial Performance
In the third quarter, UiPath achieved its first profitable EBIT and delivered 16% year-over-year revenue growth; management now forecasts a 9.7% increase in revenue for the fourth quarter.
3. Strategic Partnerships and Stock Movement
The company has forged new AI-driven automation partnerships and joined agentic AI initiatives, driving optimism even as the stock has declined 24%, presenting a potential valuation opportunity.