UiPath Is Teaming Up With Nvidia. Does That Make PATH Stock a Buy Here?

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This can translate into further positive price action for PATH stock after an extended period of rangebound trading.Analysts Keep Raising Price Targets for Microsoft Stock - MSFT is Still CheapA $19 Billion Reason to Buy Nebius Stock TodayTesla Stock Slipped Despite Record Q3 Deliveries: Can The Company Make It Big With AI?Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!Headquartered in New York, UiPath is a provider of agentic automation. This automation helps enterprises to benefit from the full potential of AI agents. Therefore, with the growth in application of AI across industries and globally, UiPath is positioned to benefit.Recently, UiPath signed collaboration agreements with tech majors. With these developments, coupled with steady top-line growth, PATH stock seems attractive. Amidst volatility, PATH stock has remained sideways in the last 12 months. This seems like a good accumulation opportunity.www.barchart.comPATH stock surged on Sept. 30 as the company announced multiple new collaborations with Nvidia (NVDA), Snowflake (SNOW), and Google (GOOG) .With Nvidia, the company will be leveraging its agentic automation expertise to combine open NVIDIA Nemotron models with NVIDIA NIM. This partnership includes an integration service connector that connects UiPath and NVIDIA NIM and NVIDIA Nemotron.The partnership with Google involves the launch of UiPath Conversational Agent where voice interaction will be enabled by Google’s Gemini models.The company will also be combining its agentic automation platform with Snowflake’s Cortex AI Agents. Through this combination, customers can use structured and unstructured data for business insights.Overall, these collaborations strengthen the use case for UiPath’s automation and agentic AI capabilities. This is likely to translate into upside in recurring revenues.Among the performance indicators, the annualized renewal run-rate provides insight on a company’s steady growth momentum.To put things into perspective, UiPath reported an ARR of $1.55 billion for Q2 2025. For the most-recent-quarter (Q2 2026), ARR swelled to $1.72 billion with a year-over-year growth rate of 11%. 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