On September 28, UiPath fell 5.3% in pre-market trading, trading around $11.79 per share, with turnover of approximately $4.36 million.

On the news front, DA Davidson downgraded UiPath from Neutral to Underperform and slashed its price target from $16 to $10, representing the most bearish sell-side call in recent weeks. The downgrade adds to a string of target price cuts by major brokerages: UBS trimmed its target to $14 from $15, Truist lowered its target to $14 from $17, and RBC Capital Markets cut its target to $15 — all while maintaining Hold or equivalent ratings.

RBC noted that UiPath's transition toward its Business Orchestration and Automation Technologies (BOAT) platform remains a \"show-me story,\" with limited evidence of sustained growth re-acceleration. Although UiPath reported Q2 revenue of $410.3 million, beating the $397.8 million consensus, and raised full-year revenue guidance to $1.789-$1.794 billion, flat non-GAAP EPS of $0.15, a CFO transition, and decelerating ARR growth have continued to weigh on investor confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)