UiPath (PATH) stock surged 7.70% in pre-market trading Thursday, reaching $16.79 after a 5.13% gain to $15.58 on Wednesday. The rise reflects UiPath’s strategic shift from traditional automation to AI-driven agentic automation, bolstered by partnerships with major tech firms like OpenAI, Microsoft, Google, and Nvidia. A key highlight includes a ChatGPT integration through the collaboration with OpenAI, significantly enhancing market interest. Despite CEO Daniel Dines selling 736,399 shares recently, he still retains nearly 30 million shares. Year-to-date, PATH stock has increased by 22.58%, with a market cap of $8.27 billion. However, analysts remain cautious, with a consensus price target of $13.44, signaling a 14% downside. Retail sentiment, driven by high trading volumes and extreme bullish indicators on platforms like Stocktwits, contrasts sharply with analyst skepticism about current valuations, presenting a compelling market dynamic.
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