Back in the dot-com boom era, stock splits became commonplace in response to soaring share prices. Amid the current artificial intelligence (AI) boom, a similar pattern could be developing. Already, several AI companies have split their shares, and more splits could be on the way among the others that are trading at lofty prices.

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Many of the more bullish analysts, which had priced the stock at more than $20, trimmed their price targets back in May to below the $20 mark. Many of the more recent price targets for UiPath are now within the $14 to $16 range. However, there are some still far higher than that and that could be overdue for downgrades.