UiPath's non-GAAP operating income increased to $62 million, representing a 17% margin with a significant improvement of over 2,500 basis points year-over-year. This reflects operating leverage and discipline within the business. Additionally, the higher quality pipeline, predictable forecasting, customer adoption and implementation are seeing improvements, leading to multi-solution opportunities, especially with solutions like RPA and API. Second-quarter revenue grew to $362 million, a 14% increase. Dollar-based gross retention remained best in class at 98%. The analysis infers a target price of $18.34 based on a discounted calculation, noting the current market price around $11.57. If the price falls below $9.00, the analysis would be invalidated.