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UiPath (PATH)

Market Price (5/29/2026): $11.05 | Market Cap: $5.9 Bil
Sector: Information Technology | Industry: Systems Software

UiPath (PATH)

Market Price (5/29/2026): $11.05
Market Cap: $5.9 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%

Attractive yield
FCF Yield is 5.7%

Megatrend and thematic drivers
Megatrends include Automation & Robotics, Artificial Intelligence, and Cloud Computing. Themes include Process / Warehouse Automation, Show more.

Weak multi-year price returns
2Y Excs Rtn is -83%, 3Y Excs Rtn is -111%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 109x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 24%

Key risks
PATH key risks include [1] its core RPA solutions being superseded by advanced AI, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
3 Attractive yield
FCF Yield is 5.7%
4 Megatrend and thematic drivers
Megatrends include Automation & Robotics, Artificial Intelligence, and Cloud Computing. Themes include Process / Warehouse Automation, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -83%, 3Y Excs Rtn is -111%
6 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 109x
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18%
8 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 24%
9 Key risks
PATH key risks include [1] its core RPA solutions being superseded by advanced AI, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 5/18/2026
UiPath (PATH) stock has lost about 10% since 1/31/2026 because of the following key factors:

1. UiPath provided conservative fiscal year 2027 guidance in March 2026.

Despite exceeding analyst expectations with a Q4 fiscal year 2026 EPS of $0.30 against an estimate of $0.20, and reporting $481 million in revenue (a 14% year-over-year increase), the company's initial guidance for Q1 fiscal year 2027 projected revenue between $395 million and $400 million and Annualized Recurring Revenue (ARR) of $1.894 billion to $1.899 billion as of April 30, 2026. This outlook was perceived as cautious by the market, potentially dampening investor enthusiasm.

2. Significant insider selling by key executives occurred around the start of the period.

CEO Daniel Dines sold shares totaling over $51 million within the last 24 months, including approximately $2.04 million on January 26, 2026, and additional sales at prices around $15.38 to $15.68 on January 14-15, 2026. CFO Ashim Gupta also had sales exceeding $5 million in the last 24 months. These substantial insider transactions, particularly near the onset of the analyzed period, could have signaled a lack of confidence to investors.

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Stock Movement Drivers

Fundamental Drivers

The -8.0% change in PATH stock from 1/31/2026 to 5/28/2026 was primarily driven by a -24.7% change in the company's P/E Multiple.
(LTM values as of)13120265282026Change
Stock Price ($)12.5911.58-8.0%
Change Contribution By: 
Total Revenues ($ Mil)1,5531,6113.7%
Net Income Margin (%)14.8%17.5%18.5%
P/E Multiple29.222.0-24.7%
Shares Outstanding (Mil)532536-0.7%
Cumulative Contribution-8.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/28/2026
ReturnCorrelation
PATH-8.0% 
Market (SPY)9.3%9.4%
Sector (XLK)30.0%17.3%

Fundamental Drivers

The -27.0% change in PATH stock from 10/31/2025 to 5/28/2026 was primarily driven by a -94.8% change in the company's P/E Multiple.
(LTM values as of)103120255282026Change
Stock Price ($)15.8611.58-27.0%
Change Contribution By: 
Total Revenues ($ Mil)1,4971,6117.6%
Net Income Margin (%)1.3%17.5%1200.9%
P/E Multiple421.622.0-94.8%
Shares Outstanding (Mil)5365360.0%
Cumulative Contribution-27.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/28/2026
ReturnCorrelation
PATH-27.0% 
Market (SPY)11.3%16.7%
Sector (XLK)24.6%25.0%

Fundamental Drivers

The -3.0% change in PATH stock from 4/30/2025 to 5/28/2026 was primarily driven by a -16.2% change in the company's P/S Multiple.
(LTM values as of)43020255282026Change
Stock Price ($)11.9411.58-3.0%
Change Contribution By: 
Total Revenues ($ Mil)1,4301,61112.7%
P/S Multiple4.63.9-16.2%
Shares Outstanding (Mil)5515362.8%
Cumulative Contribution-3.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/28/2026
ReturnCorrelation
PATH-3.0% 
Market (SPY)37.6%24.0%
Sector (XLK)79.0%30.1%

Fundamental Drivers

The -17.8% change in PATH stock from 4/30/2023 to 5/28/2026 was primarily driven by a -47.7% change in the company's P/S Multiple.
(LTM values as of)43020235282026Change
Stock Price ($)14.0811.58-17.8%
Change Contribution By: 
Total Revenues ($ Mil)1,0591,61152.1%
P/S Multiple7.43.9-47.7%
Shares Outstanding (Mil)5545363.3%
Cumulative Contribution-17.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/28/2026
ReturnCorrelation
PATH-17.8% 
Market (SPY)88.5%40.4%
Sector (XLK)152.9%40.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PATH Return-37%-71%95%-49%29%-32%-84%
Peers Return2%-45%44%33%8%-31%-19%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
PATH Win Rate33%33%58%33%50%40% 
Peers Win Rate47%22%60%62%52%24% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
PATH Max Drawdown--76%-29%-60%-36%-47% 
Peers Max Drawdown-30%-51%-24%-20%-31%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SSNC, PEGA, APPN, MSFT, NOW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/28/2026 (YTD)

How Low Can It Go

EventPATHS&P 500
2025 US Tariff Shock
  % Loss-31.9%-18.8%
  % Gain to Breakeven46.9%23.1%
  Time to Breakeven182 days79 days
2024 Yen Carry Trade Unwind
  % Loss-11.1%-7.8%
  % Gain to Breakeven12.5%8.5%
  Time to Breakeven12 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-14.3%-9.5%
  % Gain to Breakeven16.7%10.5%
  Time to Breakeven21 days24 days
2023 SVB Regional Banking Crisis
  % Loss-18.8%-6.7%
  % Gain to Breakeven23.1%7.1%
  Time to Breakeven14 days31 days

Compare to SSNC, PEGA, APPN, MSFT, NOW

In The Past

UiPath's stock fell -31.9% during the 2025 US Tariff Shock. Such a loss loss requires a 46.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPATHS&P 500
2025 US Tariff Shock
  % Loss-31.9%-18.8%
  % Gain to Breakeven46.9%23.1%
  Time to Breakeven182 days79 days

Compare to SSNC, PEGA, APPN, MSFT, NOW

In The Past

UiPath's stock fell -31.9% during the 2025 US Tariff Shock. Such a loss loss requires a 46.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About UiPath (PATH)

UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform combines artificial intelligence with desktop recording, back-end mining of both human activity and system logs, and intuitive visualization tools, which enables users to discover, analyze, and identify processes to automate in a centralized portal; offers low-code development environments that allows users in an organization to create attended and unattended automations without any prior knowledge of coding; deploys robots in highly immersive attended experiences or in standalone, unattended modes behind the scenes, and can leverage native connectors built for commonly used line-of-business applications; offers centralized tools designed to manage, test, and deploy automations and ML models across the enterprise; allows customers to manage long running processes that orchestrate work between robots and humans; and enable users to track, measure, and forecast the performance of automation in their enterprise and help businesses ensure compliance with business standards. In addition, the company provides maintenance and support for its software, as well as professional services, such as training and implementation services to facilitate the adoption of its platform. It serves banking, healthcare, financial services, and government entities. UiPath Inc. was founded in 2005 and is headquartered in New York, New York.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe UiPath:

  • Salesforce for internal business process automation.
  • Zapier for large enterprise workflow automation.
  • Canva for automating business tasks without needing to code.

AI Analysis | Feedback

  • Automation Platform: An end-to-end platform offering a suite of software for building, managing, running, and governing robotic process automation solutions.
  • Process Discovery & Analysis Tools: Software leveraging AI, desktop recording, and system log mining to discover, analyze, and identify processes suitable for automation.
  • Automation Design & Development Environment: Low-code development tools enabling users to create attended and unattended automations without prior coding knowledge.
  • RPA Robots: Deployable software robots that execute automations in either highly immersive attended experiences or standalone, unattended modes.
  • Automation Management & Governance Tools: Centralized tools designed to manage, test, deploy, and govern automations and ML models across the enterprise.
  • Automation Analytics & Monitoring: Features enabling users to track, measure, and forecast automation performance and ensure compliance with business standards.
  • Software Maintenance & Support: Services providing ongoing maintenance and technical support for UiPath's software.
  • Professional Services: Services including training and implementation to facilitate the adoption and effective use of the UiPath platform.

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Daniel Dines, Chief Executive Officer

Daniel Dines is the co-founder and Chief Executive Officer of UiPath, a role he has held since June 1, 2024, and has served as Chairman since the company's founding in 2005. He established DeskOver, which later evolved into UiPath, in 2005, initially offering custom software development. Before founding UiPath, Mr. Dines worked as a software development engineer at Microsoft for five years. He is also a co-founder and General Partner at Crew Capital.

Ashim Gupta, Chief Operating Officer and Chief Financial Officer

Ashim Gupta serves as UiPath's Chief Operating Officer, a role he took on in August 2024, and has been the Chief Financial Officer since November 2019. He initially joined UiPath in February 2018 as Chief Customer Success Officer. Prior to his tenure at UiPath, Mr. Gupta spent nearly two decades at General Electric, where he held various finance positions, including Chief Information Officer for its shared service organization and Chief Financial Officer of GE Engineered Systems and GE Water. Notably, he was also a customer of UiPath during his time at GE.

Graham Sheldon, Chief Product Officer

Graham Sheldon is the Chief Product Officer at UiPath, a position he assumed in December 2022. In this role, he is responsible for defining the vision, roadmap, and strategy for the UiPath Business Automation Platform. Before joining UiPath, Mr. Sheldon spent over two decades at Microsoft, where his most recent role was Corporate Vice President of Product for Microsoft Teams. His extensive experience at Microsoft also included managing engineering, product, and design for products such as Dynamics, Bing, Bing Ads, and MSN.

Raghu Malpani, Chief Technology Officer

Raghu Malpani is the Chief Technology Officer at UiPath, where he is responsible for guiding the company's technological vision and strategy. He has a strong background in engineering and leadership, with previous roles at companies including Microsoft and Facebook. Mr. Malpani's expertise encompasses cloud computing and data platforms.

AI Analysis | Feedback

Key Risks to UiPath (PATH)

UiPath, a leading provider of robotic process automation (RPA) solutions, faces several key risks inherent in the rapidly evolving automation and artificial intelligence (AI) landscape. These risks primarily revolve around intense competition, the disruptive potential of emerging AI technologies, and broader macroeconomic uncertainties.

The most significant risk to UiPath's business is the

intense and evolving competitive landscape.

UiPath not only contends with traditional RPA rivals like Automation Anywhere and Blue Prism but also faces increasing pressure from large technology companies such as Microsoft (with Power Automate) and ServiceNow. These tech giants often bundle automation and AI capabilities within their extensive enterprise platforms, providing a compelling, and sometimes lower-cost, alternative to UiPath's specialized offerings. This trend can erode UiPath's market share and pricing power, especially as AI-driven no-code tools become more prevalent.

Closely related to competition is the risk of

technological disruption from advanced AI and agentic automation.

While UiPath is actively integrating AI into its platform, the rapid advancements in AI, particularly the emergence of "AI-native vendors" and agentic automation, pose a fundamental threat. There is a plausible scenario where newer AI-native tools could perform complex automated tasks directly, potentially reducing or eliminating the need for traditional RPA platforms and rendering some of UiPath's current solutions less desirable or even obsolete. This rapid technological evolution demands continuous innovation and adaptation from UiPath to maintain its relevance and competitive edge.

Finally,

macroeconomic uncertainty and varying market acceptance

pose a substantial risk to UiPath's growth trajectory. Global economic slowdowns and general uncertainty can lead to reduced customer budgeting and delayed enterprise deals, directly impacting UiPath's revenue and financial performance. Furthermore, the pace at which businesses adopt new RPA and AI technologies varies significantly across industries and regions, which can affect UiPath's growth and market penetration.

AI Analysis | Feedback

The rapid emergence and integration of advanced generative artificial intelligence (AI) models and AI agents into broader enterprise software and cloud platforms by major technology companies represent a clear emerging threat to UiPath's core Robotic Process Automation (RPA) business model. While UiPath's platform incorporates AI, its foundation is rooted in automating repetitive tasks by mimicking human interaction with user interfaces and systems. Advanced AI agents, powered by large language models, are increasingly capable of understanding natural language instructions, generating code, interacting with APIs directly, and performing more complex cognitive tasks, potentially automating processes at a deeper, more intelligent, and less brittle level than traditional UI-based RPA. As these AI agents become more sophisticated and are integrated directly into widely used enterprise productivity suites (e.g., Microsoft 365 Copilot) or cloud infrastructure, they could bypass or significantly diminish the need for dedicated RPA platforms.

AI Analysis | Feedback

UiPath (PATH) operates within the Robotic Process Automation (RPA) and broader automation platform markets.

Robotic Process Automation (RPA) Market

  • The global Robotic Process Automation market was valued at approximately $4.03 billion in 2024 and is projected to reach $36.03 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 31.50% from 2025 to 2032.
  • Another estimate indicates the global RPA market was valued at $2.6 billion in 2022 and is forecast to grow to $66 billion by 2032, with a CAGR of 37.9%.
  • The global RPA market size was also valued at over $4.98 billion in 2025 and is expected to expand to over $44.56 billion by 2035, growing at a CAGR of approximately 24.5% between 2026 and 2035.

Regional Market Sizes for RPA

  • North America held a significant share of the robotic process automation market, accounting for 56.00% in 2025.
  • The U.S. robotic process automation market is predicted to reach an estimated value of $22.32 billion by 2032.
  • The Asia Pacific region is positioned for a 30.72% CAGR to 2031.
  • Specific country projections for 2026 include Japan at $0.58 billion, China at $1.54 billion, and India at $1.18 billion.

Economic Impact Associated with UiPath

  • The aggregate revenue associated with the UiPath ecosystem worldwide is expected to increase from $5 billion in 2020 to $16.5 billion in 2025.
  • The economic benefits derived from the use of UiPath's RPA software by its customers are projected to grow from $7 billion worldwide in 2021 to $55 billion in 2025, with a cumulative impact of $129 billion over the five years ending in 2025.

AI Analysis | Feedback

UiPath (PATH) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Expansion of AI-driven and Agentic Automation Offerings: UiPath is positioning itself as a leader in agentic automation, leveraging artificial intelligence (AI) to enable enterprises to automate complex business processes autonomously. The company views generative AI as a significant tailwind and is continuously innovating its platform to expand its competitive moat by integrating AI agents, the Maestro orchestration platform, and Intelligent Document Processing solutions. UiPath reported that AI-related offerings contributed $200 million in Annual Recurring Revenue (ARR) for the first time in Q4 FY2026.
  2. Increased Adoption and Expansion within Existing Enterprise Customers: A significant driver is the deepening adoption of UiPath's platform by its large enterprise customer base. The company has shown strong momentum in customers with ARR of $100,000 or more, which increased from 2,292 in Q4 FY2025 to 2,565 in Q4 FY2026, and customers with $1 million or more in ARR, which grew from 317 to 357 over the same period. This indicates a successful strategy in getting existing high-value customers to expand their use of the platform.
  3. Strategic Partnerships: Collaborations with major technology and consulting firms are expected to fuel growth. UiPath has expanded its strategic alliance with Deloitte for an Agentic ERP offering powered by UiPath Maestro and is engaged in partnerships with companies like Microsoft, which analysts believe can support growth. These partnerships help extend UiPath's reach and integrate its automation capabilities into broader enterprise solutions.
  4. Targeted Customer Acquisition in Key Enterprise Verticals: UiPath focuses on acquiring new enterprise customers that are likely to make significant, long-term investments in automation. The company has been successful in signing new enterprise logos, emphasizing a strategy of targeting customers with a propensity to invest. Furthermore, UiPath is developing sector-focused solutions, particularly in high-value workloads within industries such as healthcare, financial services, and the public sector, which are anticipated to support larger deals.
  5. Continued Product Innovation and Platform Development: UiPath's commitment to product innovation, particularly around its "agentic automation platform," is a core driver. The company’s vision and roadmap for agentic automation are designed to expand its market opportunity by enabling customers to automate more complex and variable workflows, thereby delivering enterprise-wide AI transformation. Innovations like AI coding agents are expected to generate and maintain production-grade automations, further enhancing the platform's value proposition.

AI Analysis | Feedback

Share Repurchases

  • UiPath completed a $1 billion stock repurchase program.
  • The company's board authorized a new $500 million stock repurchase program with no specified expiration date.
  • For the full fiscal year ending January 31, 2026, UiPath returned approximately $337 million to stockholders by repurchasing 30.9 million shares at an average price of $10.92.

Share Issuance

  • UiPath's Initial Public Offering (IPO) occurred in April 2021.
  • Shares outstanding were 0.564 billion in 2024, representing a 2.89% increase from 2023.
  • In 2023, shares outstanding were 0.548 billion, an increase of 20.54% from 2022.

Outbound Investments

  • UiPath acquired WorkFusion, Inc., a provider of robotic process automation and chatbot solutions, in February 2026.
  • In March 2025, UiPath acquired Peak, a Manchester-based AI company, to enhance its vertical AI solutions strategy and expand its agentic automation platform.
  • UiPath made a Seed round investment in H Company on May 21, 2024, as part of its four investments across sectors like Agentic AI, Artificial Intelligence, and Business Intelligence.

Capital Expenditures

  • Capital expenditures were $21 million in fiscal year 2025.
  • Capital expenditures for fiscal year 2024 were $7.34 million.
  • The company plans to make significant investments in research and development to enhance its technology, particularly through the addition of agentic AI capabilities to the UiPath Platform.

Better Bets vs. UiPath (PATH)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1UiPath Stock (+7.5%): S&P 400 Inclusion Fuels Forced Buying Frenzy12/25/2025
2UiPath Stock Leaps 7.5% In One Day, Should You Buy The Stock?12/25/2025
3Does UiPath Stock Lead the Pack?12/25/2025
4UiPath Earnings Notes12/24/2025
5PATH (+24%) : GAAP Profitability Sparks Institutional Re-Rate12/05/2025
6What Is Happening With UiPath Stock?12/05/2025
7Is UiPath Stock Built to Withstand More Downside?10/17/2025
8PATH Dip Buy Analysis07/10/2025
9UiPath (PATH) Valuation Ratios Comparison05/15/2025
10UiPath Stock Up 20% in One Month, Should You Buy The Stock?02/25/2025
11ARTICLES 
12UiPath Stock (+7.5%): S&P 400 Inclusion Fuels Forced Buying Frenzy12/25/2025
13Where Does UiPath Stock Rank Among Competitors?12/25/2025
14Buy or Sell UiPath Stock?12/25/2025
15How UiPath Stock Gained 60%12/05/2025
16Does UiPath’s Pivot To Agentic AI Make The Stock A Buy?10/07/2025

Trade Ideas

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PLTR_4302026_Monopoly_xInd_xCD_Getting_Cheaper04302026PLTRPalantir TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.0%0.0%0.0%
ADSK_4102026_Dip_Buyer_FCFYield04102026ADSKAutodeskDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		8.5%8.5%0.0%
BSY_4102026_Dip_Buyer_FCFYield04102026BSYBentley SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		4.2%4.2%0.0%
ENPH_4102026_Dip_Buyer_ValueBuy04102026ENPHEnphase EnergyDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.7%5.7%0.0%
BL_4102026_Dip_Buyer_High_CFO_Margins_ExInd_DE04102026BLBlackLineDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.2%3.2%-3.0%
PATH_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026PATHUiPathDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-9.0%-9.0%-17.1%

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Peer Comparisons

Peers to compare with:

Financials

PATHSSNCPEGAAPPNMSFTNOWMedian
NameUiPath SS&C Tec.Pegasyst.Appian MicrosoftServiceN. 
Mkt Price11.5866.1133.8422.04426.99108.7349.98
Mkt Cap6.216.05.71.63,170.8112.611.1
Rev LTM1,6116,4051,700763318,27313,9604,053
Op Inc LTM571,4771945148,9571,876836
FCF LTM3521,4614956472,9164,624978
FCF 3Y Avg3171,190393770,9523,800791
CFO LTM3711,77251367170,1415,4371,143
CFO 3Y Avg3301,46440411136,9914,626934

Growth & Margins

PATHSSNCPEGAAPPNMSFTNOWMedian
NameUiPath SS&C Tec.Pegasyst.Appian MicrosoftServiceN. 
Rev Chg LTM12.7%7.5%3.5%20.4%17.9%21.7%15.3%
Rev Chg 3Y Avg15.2%6.2%10.4%16.0%15.3%22.4%15.2%
Rev Chg Q13.6%8.8%-9.6%21.5%18.3%22.1%15.9%
QoQ Delta Rev Chg LTM3.7%2.1%-2.6%4.9%4.2%5.1%3.9%
Op Inc Chg LTM134.9%7.9%-29.5%110.9%22.0%26.5%24.2%
Op Inc Chg 3Y Avg63.0%9.3%93.5%68.7%20.7%71.1%65.9%
Op Mgn LTM3.5%23.1%11.4%0.6%46.8%13.4%12.4%
Op Mgn 3Y Avg-6.8%22.9%12.5%-7.5%45.6%12.1%12.3%
QoQ Delta Op Mgn LTM2.9%0.2%-4.9%0.5%0.1%-0.3%0.1%
CFO/Rev LTM23.0%27.7%30.2%8.7%53.5%38.9%28.9%
CFO/Rev 3Y Avg22.8%24.3%25.2%0.7%49.5%39.9%24.8%
FCF/Rev LTM21.9%22.8%29.1%8.4%22.9%33.1%22.9%
FCF/Rev 3Y Avg21.8%19.7%24.5%0.0%26.1%32.7%23.2%

Valuation

PATHSSNCPEGAAPPNMSFTNOWMedian
NameUiPath SS&C Tec.Pegasyst.Appian MicrosoftServiceN. 
Mkt Cap6.216.05.71.63,170.8112.611.1
P/S3.92.53.42.110.08.13.6
P/Op Inc109.310.829.4353.821.360.044.7
P/EBIT109.311.029.463.420.246.938.1
P/E22.019.716.81,838.425.364.123.7
P/CFO16.79.011.124.418.620.717.7
Total Yield4.5%6.7%6.3%0.1%4.8%1.6%4.7%
Dividend Yield0.0%1.6%0.3%0.0%0.8%0.0%0.2%
FCF Yield 3Y Avg4.5%6.8%6.3%0.8%2.5%2.8%3.7%
D/E0.00.50.00.20.00.00.0
Net D/E-0.20.5-0.10.1-0.0-0.0-0.0

Returns

PATHSSNCPEGAAPPNMSFTNOWMedian
NameUiPath SS&C Tec.Pegasyst.Appian MicrosoftServiceN. 
1M Rtn9.7%-4.3%-5.9%1.1%-0.3%20.2%0.4%
3M Rtn8.1%-12.2%-25.3%-19.4%6.5%-0.5%-6.3%
6M Rtn-14.8%-22.3%-37.6%-46.3%-11.7%-32.3%-27.3%
12M Rtn-10.5%-17.0%-29.6%-29.4%-5.9%-46.8%-23.2%
3Y Rtn-25.9%24.9%44.8%-45.7%31.3%1.2%13.0%
1M Excs Rtn3.7%-10.3%-11.8%-4.8%-6.3%14.2%-5.5%
3M Excs Rtn-1.4%-21.6%-34.7%-28.9%-3.0%-10.0%-15.8%
6M Excs Rtn-25.8%-34.1%-50.5%-59.4%-22.3%-46.2%-40.1%
12M Excs Rtn-36.3%-45.0%-57.1%-57.7%-34.3%-74.8%-51.1%
3Y Excs Rtn-110.8%-57.5%-33.3%-126.8%-44.3%-74.1%-65.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2026202520242023
Single Segment1,308   
Licenses 498481346
Professional services and other 524129
Subscription services 509370233
Total1,3081,059892608


Net Income by Segment
$ Mil2026202520242023
Single Segment-90   
Total-90   


Price Behavior

Price Behavior
Market Price$11.58 
Market Cap ($ Bil)6.2 
First Trading Date04/21/2021 
Distance from 52W High-40.0% 
   50 Days200 Days
DMA Price$10.73$12.99
DMA Trenddowndown
Distance from DMA7.9%-10.9%
 3M1YR
Volatility55.2%62.5%
Downside Capture24.52204.87
Upside Capture44.96128.33
Correlation (SPY)-2.8%22.2%
PATH Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.370.260.661.031.311.61
Up Beta-0.45-0.470.29-0.400.531.16
Down Beta-7.80-0.17-0.35-0.051.341.25
Up Capture43%51%38%135%153%941%
Bmk +ve Days15223166141428
Stock +ve Days10223056119376
Down Capture726%90%173%199%158%113%
Bmk -ve Days4183056108321
Stock -ve Days11203368128359

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with PATH
PATH-10.8%62.5%0.05-
Sector ETF (XLK)62.2%20.6%2.2429.1%
Equity (SPY)29.2%11.8%1.8622.8%
Gold (GLD)35.7%26.7%1.12-0.9%
Commodities (DBC)40.2%18.8%1.660.6%
Real Estate (VNQ)13.3%13.0%0.701.4%
Bitcoin (BTCUSD)-31.9%41.6%-0.8114.4%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with PATH
PATH-31.6%63.6%-0.33-
Sector ETF (XLK)23.2%24.8%0.8249.6%
Equity (SPY)14.2%17.0%0.6649.1%
Gold (GLD)18.6%18.0%0.845.8%
Commodities (DBC)10.6%19.4%0.438.3%
Real Estate (VNQ)3.6%18.8%0.0934.4%
Bitcoin (BTCUSD)12.8%54.7%0.4325.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with PATH
PATH-16.6%64.1%-0.29-
Sector ETF (XLK)25.7%24.4%0.9448.7%
Equity (SPY)15.8%17.9%0.7547.8%
Gold (GLD)13.1%16.0%0.685.6%
Commodities (DBC)7.3%17.9%0.338.8%
Real Estate (VNQ)5.7%20.7%0.2433.5%
Bitcoin (BTCUSD)66.5%66.9%1.0624.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5152026
Short Interest: Shares Quantity128.4 Mil
Short Interest: % Change Since 430202611.6%
Average Daily Volume34.1 Mil
Days-to-Cover Short Interest3.8 days
Basic Shares Quantity535.9 Mil
Short % of Basic Shares24.0%

Returns Analyses

Earnings Returns History

Expand for MoreUpdated on 5282026
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/28/2026   
3/11/2026-8.2%0.6%-24.2%
9/4/20255.9%7.7%18.9%
5/29/20252.9%2.5%-1.1%
3/12/2025-15.7%-8.7%-10.1%
12/5/2024-0.9%-4.8%-11.7%
9/5/2024-6.0%-5.7%-2.0%
5/29/2024-34.0%-35.1%-30.7%
...
SUMMARY STATS   
# Positive795
# Negative121014
Median Positive12.5%9.7%11.2%
Median Negative-9.6%-8.4%-12.2%
Max Positive26.7%26.9%20.4%
Max Negative-34.0%-35.1%-38.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202603/25/202610-K
10/31/202512/08/202510-Q
07/31/202509/08/202510-Q
04/30/202506/03/202510-Q
01/31/202503/24/202510-K
10/31/202412/09/202410-Q
07/31/202409/06/202410-Q
04/30/202406/03/202410-Q
01/31/202403/27/202410-K
10/31/202312/04/202310-Q
07/31/202309/07/202310-Q
04/30/202306/02/202310-Q
01/31/202303/24/202310-K
10/31/202212/05/202210-Q
07/31/202209/08/202210-Q
04/30/202206/03/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2026 Earnings Reported 3/11/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Revenue395.00 Mil397.50 Mil400.00 Mil   
Q1 2027 ARR1.89 Bil1.90 Bil1.90 Bil   
Q1 2027 Non-GAAP Operating Income 80.00 Mil    
2027 Revenue1.75 Bil1.76 Bil1.76 Bil   
2027 ARR2.05 Bil2.05 Bil2.06 Bil   
2027 Non-GAAP Operating Income 415.00 Mil    

Prior: Q2 2026 Earnings Reported 9/4/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Revenue390.00 Mil392.50 Mil395.00 Mil  Higher New
Q3 2026 ARR1.77 Bil1.77 Bil1.78 Bil  Higher New
Q3 2026 Non-GAAP operating income 70.00 Mil   Higher New
2026 Revenue1.57 Bil1.57 Bil1.58 Bil1.4% RaisedGuidance: 1.55 Bil for 2026
2026 ARR1.83 Bil1.84 Bil1.84 Bil0.8% RaisedGuidance: 1.82 Bil for 2026
2026 Non-GAAP operating income 340.00 Mil 11.5% RaisedGuidance: 305.00 Mil for 2026

Insider Activity

Expand for MoreUpdated on 4262026
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Dines, DanielCEO and ChairmanDirectSell126202615.0145,000675,621418,788,706Form
2Dines, DanielCEO and ChairmanDirectSell126202615.2345,000685,562425,635,961Form
3Dines, DanielCEO and ChairmanDirectSell126202615.0245,000676,044420,402,994Form
4Dines, DanielCEO and ChairmanDirectSell115202615.3845,000691,888430,947,903Form
5Dines, DanielCEO and ChairmanDirectSell114202615.6845,000705,622440,207,850Form

PATH Trade Sentinel

Stock Conviction

OVERWEIGHT (Score 9-10)

CONVICTION RATIONALE

The Probability-Adjusted Skew is compelling at over 2.0x. The analysis concludes that while the competitive threat from Microsoft is real and creates significant friction ('CONTESTED' moat), it is primarily contained to the low-end of the market. UiPath's defensible leadership in the high-value enterprise segment, combined with the powerful secular tailwind of AI-driven automation, provides a clear path for the 'Alpha Driver' to succeed. The market appears to be overly focused on the 'Anti-Alpha' (Microsoft competition), creating an attractive risk/reward profile.

STOCK ARCHETYPE
High-Beta Compounder

UiPath is a high-growth SaaS company in a secularly growing market (automation), justifying high valuation multiples. However, its growth is decelerating, making it highly sensitive to execution and competitive dynamics, which is characteristic of a High-Beta Compounder whose thesis rests on growth durability.

Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.
INVESTMENT THESIS
Enterprise Adoption of Agentic AI Automation Platform

The primary long thesis is UiPath's successful pivot from a legacy RPA provider to a comprehensive, AI-powered 'agentic automation' platform. This shift allows UiPath to capture higher-value, more complex enterprise workflows, defending its incumbency in the Global 2000 and driving expansion revenue (upsell) even as the basic RPA market commoditizes.

Mechanism: UiPath leverages its large installed base (~10,860 customers) as a captive audience for upselling its new, higher-margin AI and process mining capabilities. The platform's superior orchestration and governance for complex processes create high switching costs, locking in enterprise clients and enabling UiPath to capture a larger share of their expanded automation budgets.
Supporting Evidence:
  • UiPath is consistently ranked a leader by Gartner for its comprehensive, end-to-end platform.
  • The company is winning large enterprise deals with customers like Henry Schein and KLM Royal Dutch Airlines who require robust, governable, and scalable AI-powered platforms.
  • The global Robotic Process Automation (RPA) market is projected to grow at a CAGR of over 25% through 2034, with the key secular shift being the integration of AI to create 'Agentic Automation'.
PRIMARY RISK
Microsoft Power Automate Low-End Disruption and Bundling

The single biggest risk is the structural threat from Microsoft's Power Automate, which is bundled at a low or no incremental cost within ubiquitous Microsoft 365 and Azure enterprise agreements. This creates a permanent pricing and distribution disadvantage for UiPath, commoditizing the low-to-mid-market for simple task automation and capping UiPath's ability to acquire new customers in that segment.

Mechanism: Microsoft's strategy creates a 'good enough' alternative that is easily accessible to millions of users, leading to share loss for UiPath in the 'Departmental Automator' segment. This pressure forces UiPath upmarket, but also erodes its dollar-based net retention rate as smaller customers churn or fail to expand, and puts a ceiling on pricing power even in enterprise negotiations.
Supporting Evidence:
  • Net Revenue Retention has declined from 121% in Q3 FY24 to 107% as of Q3 FY26, a major red flag indicating maturity and/or competitive pressure.
  • ARR growth has decelerated from 23.57% in FY 2024 to 11% in the latest quarter (Q3 FY26).
  • UiPath is classified as 'Losing' to Microsoft Power Automate in the 'Departmental Automator' customer segment due to unbeatable price and distribution.
Key KPI Watchlist
KPI Threshold Rationale
Annualized Renewal Run-rate (ARR) Growth YoY>10%This is the primary forward-looking metric. A drop below 10% would signal a structural slowdown and break the 'compounder' thesis, warranting an immediate reassessment.
Dollar-Based Net Retention Rate>105%This KPI measures customer expansion and churn. The recent decline to 107% is a major concern. A fall below 105% would indicate that competitive pressure from Microsoft is causing significant net churn and killing the expansion thesis.
Net New ARR (QoQ)Positive Sequential GrowthThe strong sequential increase from $31M in Q2 to $59M in Q3 FY26 was a key driver of the recent stock surge. Continued positive momentum is required to prove that new business acquisition is healthy despite competition.
Core Investment Debate

Enterprise AI Platform vs. The 'Good Enough' Commodity

BULL VIEW

Bulls bet the AI pivot will re-accelerate growth as enterprises pay a premium for a governable, scalable, end-to-end automation platform that Microsoft cannot replicate.

CORE TENSION

Can UiPath's superior enterprise-grade AI platform outrun commoditization from Microsoft's bundled, lower-priced Power Automate, especially as growth metrics are already decelerating?

PREVAILING SENTIMENT
BEARISH

The Dollar-Based Net Retention Rate has declined to 107% and ARR growth has slowed to 11% YoY, indicating mounting pressure on customer expansion and new business.

BEAR VIEW

Bears see decelerating ARR and net retention as proof that Microsoft's distribution and pricing power are creating a structural ceiling on growth and profitability.

Next 6 months: Risks and Catalysts
Timeline Event & Metric To Watch
Around March 11, 2026
FY26 Q4 Earnings & FY27 Guidance
Watch: FY 2027 revenue growth guidance and Dollar-Based Net Retention Rate. The key is whether the deceleration trend continues, stabilizes, or reverses.
Ongoing (Q1-Q2 2026)
Microsoft or ServiceNow Major Customer Win
Watch: Press releases or earnings calls from key competitors announcing displacement of UiPath at a large enterprise, citing lower TCO or platform integration.
Ongoing (Q1-Q2 2026)
Macro Shock: Enterprise Tech Layoffs
Watch: Major tech or financial services companies (key RPA users) announcing significant layoffs and explicitly citing 'AI-driven efficiencies' as a primary reason.
Deadline: August 2, 2026
EU AI Act Compliance Disclosure
Watch: Company guidance on financial provisions or increased R&D/Legal expenses needed to comply with the EU AI Act, which could classify UiPath's systems as 'high-risk'.
Key Events in Last 6 Months
Date Event Stock Impact
2025-08-19
Agentic Automation Trial Launch
Details: UiPath announced a free 60-day trial for Agentic Automation for Flex Enterprise customers, a key strategic initiative to drive adoption of its new AI-powered platform.
Slight -1.6% pullback
$11.17 -> $10.99
2025-09-04
Q2 FY26 Earnings Beat & Raised Guidance
Details: UiPath reported Q2 revenue and EPS that beat analyst estimates and lifted its full-year revenue guidance, citing strong operational performance.
Muted (-0.3%)
$10.88 -> $10.85
2025-12-03
Q3 FY26 Earnings Beat & Raise
Details: UiPath reported its first GAAP profitable quarter, with revenue of $411M and ARR of $1.782B (+11% YoY), beating estimates and raising Q4 guidance.
Rose significantly by 3.9%
$14.30 -> $14.86
2025-12-24
Inclusion in S&P MidCap 400 Index
Details: UiPath was announced to be joining the S&P MidCap 400, effective before market open on Jan 2, 2026. The news triggered forced buying from index-tracking funds.
Surged +7.5%
$15.96 -> $17.16
2026-01-15
Insider Selling Activity
Details: Reports noted consistent insider selling by CEO Daniel Dines, with multiple sales of 45,000 shares in January 2026, raising questions about internal sentiment.
Fell notably by -3.0%
$14.79 -> $14.34
2026-01-20
Strategic Threat: Competitor ServiceNow Expands OpenAI Partnership
Details: Key competitor ServiceNow announced a multi-year agreement with OpenAI. This intensifies the 'platformization' threat, where larger players embed advanced AI, potentially reducing demand for specialized tools like UiPath.
Flat (0.2%)
$14.34 -> $14.37
Risk Management
Position Sizing

1% - 3%

CONSERVATIVE

Stock is in an Explosive Volatility regime (6.6x S&P) with Spiking near-term uncertainty. The Bearish sentiment, expensive valuation, and deteriorating moat signal significant headwinds, mandating a Conservative sizing.

Diversification Alternatives
NOW
SECTOR

Unlike PATH, ServiceNow is the platform consolidator, not the niche product being consolidated. It has a wider moat, stronger pricing power, and higher growth visibility.

Core Thesis: ServiceNow is becoming the essential AI-powered platform for enterprise digital transformation, integrating disparate workflows into a single system of record, driving durable, long-term growth.
DDOG
SECTOR

Datadog is a best-in-class leader in the mission-critical observability market. It does not face the same existential 'good-enough' bundling threat from a single mega-cap competitor.

Core Thesis: The increasing complexity of cloud infrastructure and applications creates a secular tailwind for Datadog's unified monitoring and security platform, driving consistent, high-margin growth.
How Is The Market Pricing PATH?

UiPath is pivoting from a Robotic Process Automation (RPA) tool provider to the central orchestration platform for enterprise-wide 'Agentic AI', where software agents autonomously execute complex workflows.

Filter all news through the lens of the Agentic AI platform pivot. The key question is whether this strategy is translating into re-accelerated ARR growth and expanding enterprise adoption.

What will confirm the thesis

Annual Recurring Revenue (ARR) growth accelerating above 15% YoY; Net Revenue Retention (NRR) stabilizing or increasing from 107%; significant customer wins for new 'Agentic' solutions; partnerships with major AI model providers (e.g., Google, OpenAI) leading to tangible product integrations.

What will damage the thesis

ARR growth decelerating or falling below 10%; NRR declining further; announcements of major customers choosing competing platforms like Microsoft Power Automate for enterprise-wide automation; management commentary indicating a delay in the revenue contribution from new AI products.

Noise: Real but irrelevant to thesis

Generic announcements about AI partnerships without specific product integrations; small customer wins; quarterly fluctuations in professional services revenue; minor revisions to analyst price targets without a change in the core thesis.

Repricing Catalyst

The primary catalyst is the successful market adoption of UiPath's new 'Agentic AI' platform, which moves beyond simple task automation (RPA) to orchestrating complex, AI-driven business processes. Success is measured by a re-acceleration of ARR growth and an increase in large enterprise customers (>$1M ARR) adopting the full platform, potentially driving revenue growth back towards the high teens.

What PATH Makes & Who Pays
TTM figures based on Q3 2026 Earnings Release, Dec 3, 2025
Subscription Services (SaaS & Maintenance)
$1.6B TTM (60% of Total) · 89% Margin
What It Is

Cloud-based (SaaS) and on-premise software subscriptions for the UiPath Business Automation Platform, including UiPath Studio, Robots, Orchestrator, AI Center, and new Agentic AI tools.

Who Pays & How

Enterprises like Deloitte, SAP, and IBM pay recurring fees to automate complex, end-to-end business processes. High switching costs are created by deep integration into core workflows (e.g., ERP, CRM), making it costly and time-consuming to replace.

Recurring subscription fees, typically paid annually, based on the number of software robots and complexity of the platform components used.
Competition
Microsoft Power Automate
Microsoft leverages its massive enterprise presence to bundle Power Automate with existing Office 365 and Azure subscriptions, creating a significant cost and distribution advantage.
UiPath's key moat is its enterprise-grade orchestration and governance layer, which is critical for managing complex, large-scale automations securely. This deep integration creates high switching costs.
License Fees
$1.0B TTM (37% of Total) · 85% Margin
What It Is

Term-based licenses for on-premise use of UiPath's proprietary automation software.

Who Pays & How

Enterprises in regulated industries or with specific data residency requirements that prefer on-premise deployments pay for term licenses to access the software.

Upfront payment for the right to use the software for a specified term (e.g., 1-3 years).
Competition
Automation Anywhere
Automation Anywhere has a strong cloud-native platform and is also a leader in the Gartner Magic Quadrant for RPA.
UiPath has been recognized by Gartner as a Leader in RPA for six consecutive years, citing its comprehensive vision and ability to execute, creating a strong brand and product reputation.
Professional Services & Other
$0.1B TTM (3% of Total) · 85% Margin
What It Is

Implementation, training, and consulting services.

Who Pays & How

New or expanding customers pay for these services to ensure successful deployment and adoption of the automation platform.

Fee-for-service, project-based.
Competition
Global System Integrators (e.g., Accenture, Deloitte)
Large consulting firms have deep existing relationships with enterprise clients and extensive implementation expertise.
UiPath often partners with these firms; its own professional services are used to ensure product success and establish best practices.
PATH Evolution: Price Return by Era
2005–2015 · Founding & Obscurity
DeskOver: The Romanian Outsourcing Years Private Company
Founded as DeskOver in Bucharest, Romania, by Daniel Dines and Marius Tîrcă, the company initially operated as a software outsourcing firm and developed automation libraries for other tech companies. This decade was spent building deep technical expertise with limited market recognition before a pivotal shift in strategy.
2015–2021 · Hypergrowth & RPA Leadership
The Rise of the RPA Unicorn Private Company / IPO
Rebranding to UiPath in 2015, the company focused squarely on the nascent Robotic Process Automation (RPA) market. It experienced hypergrowth, fueled by significant venture capital funding, and quickly established itself as a market leader, recognized by firms like Gartner. This era culminated in one of the largest US software IPOs on April 21, 2021, at $56.00 per share.
2021–2024 · Post-IPO Correction
Navigating a Shifting Market -85% peak-to-trough (May 2021 - Feb 2026)
Following a successful IPO, the stock price declined significantly from its all-time high as revenue growth decelerated amid a tougher macroeconomic environment and rising competition. The company shifted its focus from growth-at-all-costs to balancing growth with operational efficiency and profitability.
2025–Present · The Agentic AI Pivot
Orchestrating the AI-Powered Enterprise Remains volatile
UiPath launched a major strategic pivot, repositioning its platform around 'Agentic AI' and orchestration. This moves beyond automating simple tasks to managing complex, end-to-end business processes run by AI agents. The company achieved its first GAAP profitable quarter in Q3 FY2026, signaling a new focus on sustainable growth.
Market Is In Wait-and-See Mode
Price structure is in a downtrend. Multiple SMA levels broken and declining. Thesis requires reclaiming 200D before any bull case is credible. Relative to SPY: Lagging on 63D window but 'relative strength' trend is stabilizing. This is not yet a tailwind, but the 'relative strength' is no longer deteriorating. Volume and momentum are strongly confirming. The institutional accumulation is evident and momentum is accelerating. No earnings data available for catalyst assessment. NOTE: Volume character and price structure are diverging. The structural trend is not confirmed by institutional flow. This divergence typically resolves in the direction of volume, not price.
① Structure
-3
Structural pillar score (-4 to +4). Driven by trend regime, SMA cross events, proximity to 52W high, and relative strength vs SPY.
② Volume / Momentum
+4
Volume/Momentum pillar score (-4 to +4). Driven by institutional footprint score, OBV divergence, and momentum character.
③ Catalyst
0
Catalyst pillar score (-4 to +4). Driven by earnings day reaction, 20D post-earnings drift, and post-earnings volume character.
Combined Score
1 / 12
1 Price Structure & Trend Potential Bottoming · Death Cross ▾
2 Momentum Accelerating ▾
3 Relative Strength vs. SPY Recovering Relative Strength ▾
4 Institutional Footprint & Volume Strong Accumulation ▾
5 Volatility Normal ▾
6 Key Price Levels Range · Vol Rising ▾
7 Earnings Reaction History N/A ▾
8 How the Verdict Is Derived Three Pillars ▾
Price Intelligence is derived from price-volume pattern analysis only. All moving averages are simple (SMA). Relative strength benchmarked against SPY.

Industry Resources

External Quote Links


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