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Barchart
Barchart
Aanchal Sugandh

UiPath Gets Hit With Downgrade Following Investor Day. Why Analysts Weren’t Impressed.

UiPath Path Maestro

UiPath (PATH) is working to leave its robotic process automation (RPA) roots behind and position itself as an enterprise orchestration platform built for the artificial intelligence (AI) era. At its Sept. 22 Investor Day, the company highlighted Maestro, its vertical go-to-market strategy and packaged solutions aimed at reducing customers’ time to value.

However, investors wanted more evidence that it could translate into meaningful commercial gains, prompting several analysts to lower their price targets for PATH stock. One was DA Davidson analyst Lucky Schreiner, who downgraded the stock.

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