DA Davidson Starts Coverage on UiPath (PATH) With Neutral Rating, $12 Target

UiPath Inc. (NYSE:PATH) is one of the Buzzing AI Stocks on Wall Street. On September 5, DA Davidson analyst Lucky Schreiner assumed coverage on the stock with a Neutral rating and a price target of $12.00 (from $14.00).

The coverage initiation follows PATH’s strong second-quarter fiscal 2026 results, with a larger than typical annual recurring revenue (ARR) beat and better-than-expected guidance.

The company’s previous go-to market changes are helping it land higher quality customers, who are currently experimenting with Agents.

“With this note, we are transitioning coverage of UiPath with a NEUTRAL rating and $12 price target. UiPath reported strong 2Q26 results with a larger than typical ARR beat while providing a better than expected guide sending shares higher after hours."

"Past go-to-market changes are helping drive pipeline growth and allowing UiPath to land higher quality customers. Customers are experimenting with Agents and management sounds incrementally positive. However, we are waiting to see more consistent execution before getting comfortable with the upside to growth.”

UiPath Inc. (NYSE:PATH) is a well-known software as a service (SaaS) enterprise that develops AI-powered automation platforms to help businesses transform their operations.

While we acknowledge the potential of PATH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.