UiPath (PATH) Down More Than 28% YTD, Should You Short or Buy?
Key takeaways
- Recently, on June 1, BMO Capital lowered the price target on UiPath, Inc.
- BMO acknowledged that the company posted a solid start to fiscal 2027, with revenue coming in ahead of expectations.
- Patrick McIlwee of William Blair also acknowledged the first quarter results to be solid, but finds limited upside at current valuation levels.
Ui Path (PATH) Down More Than 28% YTD, Should You Short or Buy? Talha Qureshi Mon, June 8, 2026 at 11:13 PM GMT+7 2 min read PATH Ui Path, Inc. (NYSE:PATH) has fallen more than 28.5% on a year-to-date basis, and the stock’s short float has exceeded 30%, making it one of the AI Bubble Stocks to Short Now According to Reddit. Wall Street has turned cautious, with 74% of the 23 analysts covering the stock maintaining a Hold rating on the shares.
Recently, on June 1, BMO Capital lowered the price target on UiPath, Inc. (NYSE:PATH) from $14 to $13, while maintaining a Hold rating on the shares. Earlier on May 29, William Blair analyst Patrick McIlwee also maintained a Neutral stance on the stock without disclosing any price targets.
BMO acknowledged that the company posted a solid start to fiscal 2027, with revenue coming in ahead of expectations. However, the firm noted that net new ARR came in modestly below consensus on a constant currency basis, which tempered enthusiasm. Looking ahead, BMO believes larger AI-driven deals and strength among enterprise customers will be the key drivers of net new ARR growth.