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May 29, 2026 12:20 PM

UiPath Sees Improving Demand, AI Becomes Bigger Part Of Deals, Says Bullish Analyst

UiPath Inc (NYSE:PATH) reported mixed first-quarter results on Thursday.

The company's results reflected "improving demand and execution," and management indicated that most of the deals in the quarter involved AI, according to Needham.

• UiPath shares are trending higher. Why are PATH shares climbing?

The UiPath Analyst: Analyst Scott Berg maintained a Buy rating and price target of $15.

The UiPath Thesis: While the company reported strong results for the quarter, the forex tailwinds could turn into "minor headwinds for the remainder of the year," Berg said in the note.

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He mentioned the highlights of UiPath's quarterly results:

Revenue of $418.4 million and non-GAAP earnings of 15 cents per share came in above Needham's estimates of $397.5 million ...