UiPath Shares Rally on Analyst Optimism and Meme Stock Momentum

UiPath (PATH) surged 10.5% on Monday, buoyed by a combination of positive analyst commentary and renewed interest from retail traders. Truist analyst Terry Tillman expressed confidence in the company's ability to meet full-year guidance after meetings with UiPath's leadership, though he maintained a $12 price target and hold rating.

The rally gained additional momentum from discussions on Wall Street Bets, where mentions of UiPath spiked 500% over the weekend. A prominent Reddit user's endorsement appears to have triggered increased trading activity, including potential short covering.

Despite today's gains, UiPath remains 85% below its 2021 peak valuation. The dual catalysts of institutional validation and retail enthusiasm created a perfect storm for the stock's upward move.