NEW YORK, July 7, 2026, 07:05 (EDT)
- UiPath, Inc. NYSE:PATH was quoted at $11.93 in premarket trade, up 0.85%, after finishing Monday at $11.83.
- The stock gained 10.8% in the five sessions to July 6. Volume hit 69.8 million shares on Monday.
- The fiscal 2027 outlook from management suggests a softer ARR gain in the July quarter versus the second-half run rate needed to reach the year goal.
- Most analysts stay at Hold, with the average price target at $13.40 and the median at $13.00.
UiPath, Inc. NYSE:PATH traded higher before the bell Tuesday. The automation software firm is up 0.85% to $11.93 at 7:01 a.m. EDT, according to MarketWatch, after closing Monday at $11.83. Volume hit 69.8 million on Monday, running 179% of the 65-day average. The focus now is if UiPath can turn a steady July-quarter ARR outlook into better growth in the back half.
NYSE hadn’t started regular trading at the time of the dateline. The exchange sets its main session from 9:30 a.m. to 4 p.m. ET. According to its 2026 holiday calendar, July 3 is listed as the Independence Day market holiday, not July 7.
Tech stocks traded weaker early. Reuters said at 4:56 a.m. ET that Nasdaq 100 futures dropped 0.9% and S&P 500 futures slipped 0.15%. Dow futures inched up 0.16%, with chip stocks under pressure. That left UiPath’s early gains tied more to software cash flow and ARR than anything chip-related.
PATH shares have moved up quickly. According to WSJ, it closed at $10.68 on June 29 and then $11.83 by July 6, gaining 10.8% across the five trading days around the July 3 holiday. Volume passed 50 million shares each day.
UiPath has a valuation floor from its cash. Yahoo Finance data shows the company’s market cap at $6.07 billion and enterprise value at $4.84 billion. UiPath reported $1.901 billion in ARR as of April 30, along with $1.42 billion in cash, equivalents, and marketable securities. That gives a market cap around 3.2x ARR, with enterprise value about 2.5x ARR.
Company outlook sets up the short-term test:
| Company forecast math | Latest actual/base | Q2 FY2027 guide midpoint | FY2027 guide midpoint | Implied ask |
|---|---|---|---|---|
| Revenue | $418 million Q1 | $397.5 million | $1.7785 billion | $963 million needed in H2, or about $481.5 million each quarter |
| ARR | $1.901 billion as of April 30 | $1.9315 billion at July 31 | $2.0605 billion at Jan. 31 | Step-up of $30.5 million for Q2, $129 million for H2 |
| Non-GAAP operating income | $92 million Q1 | $75 million | $430 million | $263 million in H2 needed, around $131.5 million per quarter |
The numbers stand out. The midpoint for Q2 revenue guidance is 4.9% below Q1 revenue. But to hit the full-year revenue midpoint, the company has to average second-half revenue that’s 21% higher per quarter than its Q2 midpoint. For ARR, the yearly midpoint relies on second-half quarterly adds of $64.5 million, much higher than the $30.5 million implied for Q2.
Wall Street isn’t pricing in a quick rebound. FactSet data from WSJ had 17 Hold calls, 3 Buys, 1 Overweight and 1 Underweight. Analysts’ average target was $13.40, and the median was $13.00, both above the current $11.83.
| Street forecast item | Current | 1 month ago | 3 months ago |
|---|---|---|---|
| Q2 FY2027 EPS estimate | $0.15 | $0.15 | $0.15 |
| FY2027 EPS estimate | $0.78 | $0.78 | $0.80 |
| FY2028 EPS estimate | $0.90 | $0.90 | $0.89 |
| Stock price target | Average at $13.40; median at $13.00 | — | — |
Chief Executive Daniel Dines told investors on May 28 that more customers are now using UiPath’s AgenTeam and business orchestration tools in production, not just testing them. He said AI was part of 16 of the top 20 deals; expansion deals with AI involved were about six times the size of those without. Chief Operating and Financial Officer Ashim Gupta said customer talks were strong and pilots were starting to convert, but warned, “the environment remains variable.” The Motley Fool
That’s part of the reason investors are focused on ARR right now, not just a single quarter of EPS. UiPath put up its first GAAP-profitable first quarter, reporting $28 million in GAAP operating income and adjusted free cash flow of $130 million. But its July-quarter ARR forecast suggests the company still has a tougher target to hit later in the year. A $20 million beat over the Q2 ARR midpoint brings the needed second-half ARR to roughly $109 million. Missing by $20 million puts the second-half ARR gap at $149 million.
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