Needham analyst Scott Berg reiterated a Buy rating on UiPath on Wednesday, setting a price target of $85, which is approximately 65.63% above the present share price of $51.32.
Berg expects UiPath to post earnings per share (EPS) of -$0.19 for the fourth quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in UiPath, with an average price target of $72.93.
The analysts price targets range from a high of $85 to a low of $64.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $195.52 million and a net profit of -$97.82 million. The company's market cap is $26.35 billion.
According to TipRanks.com, Needham analyst Scott Berg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.6% and a 72.10% success rate.
UiPath Inc creates an end-to-end platform that provides automation with user emulation at its core. Its platform is built to be used by employees throughout a company and to address a wide variety of use cases, from simple tasks to long-running, complex business processes. It generates revenue from the sale of licenses for its proprietary software, maintenance and support, and professional services. It generates a majority of the revenues from the US, followed by Romania and the rest of the world.