Reported 1 day ago
BMO Capital has lowered its price target for UiPath Inc. (NYSE:PATH) from $15.50 to $12.50 after the company released its FQ2 2026 earnings, which showed a net new ARR increase of $30 million, surpassing estimates. Despite a year-over-year revenue increase of 14% to $362 million and a strong cloud ARR growth, CEO Daniel Dines cautions that new AI capabilities are still in early stages and will not significantly impact revenues in FY2026.
Source: YAHOO