UiPath Inc. (PATH) shares dropped nearly 7% on Friday, October 16, 2026. Multiple analysts lowered price targets following concerns over AI monetization and revenue sustainability.
DA Davidson downgraded the stock to Underperform and set a new $10 price target. The firm reported mixed customer feedback and resistance to AI pricing models after the recent Investor Day.
UBS, BMO, and RBC also reduced their price targets for the company. These banks expressed doubt that new products will drive significant annual recurring revenue growth. Analysts specifically pointed to a lack of long-term guidance as a reason for the downward revisions.