KeyBanc Reiterates Sector Weight Rating on UiPath Inc. (PATH) Amid 'Persistent Macro Uncertainty'

KeyBanc analyst Jason Celino reiterated a Sector Weight rating on UiPath Inc. (NYSE: PATH).

The analyst commented: "Slight ARR Beat and Guide Up; Playing for Stabilization; UiPath reported good F1Q results, with ARR modestly ahead of expectations and revenue and OM solidly above the Street. The Company also pointed to momentum with enterprise customers, as evidenced by better >$100K and > $1M customer net adds, noted that U.S. federal renewals were on track with some agencies outperforming, and highlighted a notable deal with the U.S. Air Force. As a result, FY guidance ticked up across the board, and the F2Q outlook was also ahead of expectations. While we're encouraged by the better results and progress with the public sector, we remain SW given the agentic opportunity remains early days and persistent macro uncertainty."

For an analyst ratings summary and ratings history on UiPath Inc. click here. For more ratings news on UiPath Inc. click here.

Shares of UiPath Inc. closed at $12.94 yesterday.

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