UiPath shares rebound as Wall Street warms to its AI-agent pivot
UiPath spent much of the year as one of software’s biggest disappointments. Now the Romanian-founded automation firm is clawing back. Its first profit and an all-in bet on AI agents are the reason.
Shares in UiPath have rebounded in recent weeks. They are up around 15 per cent over the past five days, lifting the market value back toward $6bn. That still leaves the stock far below where most analysts think it belongs. It also bounces off a 52-week low near $9. But the mood has shifted, and a turnaround is starting to show up in the numbers.
In the quarter to the end of April, UiPath reported revenue of $418mn, up 17 per cent on a year earlier. The bottom line was more striking. It posted a GAAP operating profit of $28mn, and its first-ever profit in a first quarter, after a loss a year before.
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