NEW YORK, June 3, 2026, 07:17 EDT
- UiPath last changed hands at $12.18 before the regular NYSE open, putting the company’s market cap around $6.57 billion.
- The stock finished Monday at $13.10, jumping 11.77%. But by Tuesday, it had slipped to $12.18 as shares pulled back from the earlier surge on earnings.
- BMO Capital left UiPath at Market Perform in a June 1 note and put the price target at $13.
UiPath held at $12.18 ahead of Wednesday’s open, as traders looked to see if last week’s post-earnings move would stick with new cautious notes from Wall Street out. The New York Stock Exchange opens for its main session at 9:30 a.m. EDT. Trading is normal Wednesday. Next scheduled market holiday is June 19 for Juneteenth.
UiPath is in the proof phase after its earnings move. The stock jumped Monday following its fiscal first-quarter report, beating the S&P 500 and Nasdaq Composite, which each gained less than half a percent. Shares dropped back Tuesday as investors took some gains off the first day rally.
UiPath COO and CFO Ashim Gupta spoke at William Blair’s growth stock conference in Chicago on Tuesday. Management took the opportunity to push its case that UiPath can monetize agentic AI by turning software agents that plan and act in businesses into paid automation jobs. The company had the event set for June 2 at 11:20 a.m. CDT.
William Blair’s Patrick McIlwee, who led the session, said UiPath’s place to gain from enterprise AI looks “increasingly clear.” Gupta said the last quarter was “one of the most foundational quarters” for the company. Seeking Alpha
UiPath bulls finally got some numbers. The company reported first-quarter revenue up 17% to $418 million and said annual recurring revenue rose 12% to $1.901 billion. Net new ARR was $49 million. Dollar-based net retention remained at 109%. UiPath posted GAAP operating income of $28 million.
Chief Executive Daniel Dines called it a “strong start” and said agentic products are “moving from pilot to production.” CFO Ashim Gupta said UiPath posted its first-ever first-quarter GAAP profit, which is a milestone for a software company still working to move past its post-IPO growth stock label. UiPath, Inc.
UiPath’s updated guidance made a difference, just not enough for the bears. The company guided to second-quarter revenue between $395 million and $400 million, and bumped its full-year fiscal 2027 revenue outlook to a range of $1.776 billion to $1.781 billion. Non-GAAP operating income, which leaves out certain costs, is expected to come in near $430 million.
Wall Street is still split. The last three analyst notes on Benzinga came from BMO Capital, DA Davidson, and BofA Securities. BMO stuck with Market Perform on June 1 and kept a $13 target. Across 22 analysts, the average price target is $14.48, according to the same Benzinga page.
Target moves were mixed. BofA bumped its target up to $13 from $12 but kept an Underperform call. Morgan Stanley’s Sanjit Singh trimmed his target down to $15 from $17, sticking with an Equal Weight rating and described the quarter as “solid,” market-data summaries showed. StockAnalysis
Competition is getting tougher for UiPath. The company’s annual report flagged that automation is “increasingly competitive,” pointing to more AI investment from big software companies and startups. Analysts had already raised concerns about Microsoft and ServiceNow, both bigger players that can package automation with their other tools for enterprise customers. UiPath, Inc.
But the downside is clear. If customers don’t move agentic automation past pilots, if deals take longer, or if bigger players push prices down, UiPath’s ARR growth could fall short even though margins improve. Oppenheimer’s Brian Schwartz pointed out “intensifying competition in the agentic era,” and Wednesday’s premarket tape hasn’t eased that risk. Barron’s
