UiPath Provides Q2 Revenue, New ARR Guidance; Analysts Update Price Targets
Summary
UiPath released detailed Q2 revenue guidance of $395-400 million, new ARR targets projecting $1.929-1.934 billion by July and $2.058-2.063 billion by January, and Q2 non-GAAP operating income of approximately $75 million. This follows yesterday's announcement of raised full-year revenue guidance, which is reiterated here at $1.776-1.781 billion. These specific financial metrics offer a clearer outlook on the company's near-term performance and growth trajectory. Analysts reacted with mixed adjustments to price targets, with Morgan Stanley cutting its target while BofA raised its.
At the time of this announcement, PATH was trading at $11.75 on NYSE in the Technology sector, with a market capitalization of approximately $6.1B. The 52-week trading range was $9.20 to $19.84. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.