UiPath (PATH) Stock Update: RBC Weighs In After Strong Q2 Metrics

UiPath Inc. (NYSE:PATH) is one of the Exciting AI Stocks to Watch Right Now. On September 5, RBC Capital analyst Matthew Hedberg reiterated a Sector Perform rating on the stock with a $12.00 price target following its latest quarterly results.

According to the firm, PATH delivered a stable quarter characterized by outperformance across metrics, even with foreign exchange tailwinds present.

UiPath’s building momentum in its agentic opportunity was particularly mentioned in the investor note, which the firm believes has been resulting in larger deal sizes and core automation use.

“The PATH to acceleration is paved by agents; UiPath reported another stable qtr with improved execution and outperformance across metrics, even despite FX tailwinds. Importantly, Fed seems to be back to normal and the macro remains variable but consistent. UiPath continues to see momentum build for its agentic opportunity, which is resulting in larger deal sizes and more core automation use. We remain on the sidelines as we look for continued stability and more material traction in the highly competitive agent orchestration opportunity. We maintain our SP rating and $12 PT.”

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.