Shares of software provider UiPath (New York Stock Exchange: Pass) soared in after-hours trading after the company announced fiscal 2024 fourth-quarter earnings. Earnings per share were $0.22, beating analysts’ consensus estimates of $0.16 per share.
Sales increased 31.4% year-over-year, with earnings reaching $405.25. This exceeded analysts’ expectations by $21.56 million.
Looking ahead, management currently expects first quarter 2025 revenue to be in the range of $330 million to $335 million. Meanwhile, adjusted operating income is expected to be $55 million. Fiscal 2025 revenue is expected to be between $1.555 billion and $1.56 billion, with adjusted operating income of $295 million.
Is PATH stock a good buy?
Turning to Wall Street, analysts give the PATH stock a consensus rating of Moderate, based on 3 buys, 5 holds, and 0 sells assigned over the past three months, as shown in the chart below. It is said to be a moderate purchase. PATH’s average price target of $25.71 per share means it has upside potential of 5.24%, after the stock has appreciated 70% over the past year. However, it’s worth noting that expectations may change following today’s earnings report.
