Stock Market Today, Dec. 29: UiPath Edges Higher After Morgan Stanley Price Target Increase

Core Insights - UiPath is experiencing an upward trajectory as Morgan Stanley analysts have raised their price target for the company [1][6] - The stock has shown a significant recovery, gaining over 20% in the past month due to positive earnings and strategic partnerships [5] Company Performance - UiPath's current stock price is $16.82, with a market capitalization of $9.0 billion [2] - The stock has a gross margin of 83.16% and has seen trading volumes significantly above its three-month average [2] - The company has fallen nearly 75% since its IPO in 2021, but recent profitability milestones have sparked investor interest [3] Analyst Ratings - Morgan Stanley has increased its price target for UiPath from $15 to $19, indicating a potential upside of 12.8% based on the current price [6] - The firm maintains an Equal Weight rating on the stock, suggesting a balanced outlook [6] Market Context - The broader market saw the S&P 500 and Nasdaq Composite decline slightly, indicating that stock-specific news is currently more influential than overall sector trends [4] - UiPath is set to join the S&P MidCap 400 index on January 2, 2026, which may enhance its visibility and attract more investors [6] Strategic Partnerships - Recent partnerships with companies like OpenAI, Snowflake, and Nvidia are expected to bolster UiPath's growth in AI-driven automation [5]