UiPath Crashes On Generative AI Headwinds: Buy The Fear (Ratings Upgrade)
UiPath(PATH) Seeking Alpha·2024-06-30 18:29
NicoElNino UiPath (NYSE:PATH) has crashed so hard since the most recent earnings report that it is one of the few tech stocks that is still trading at around the 2022 lows. What happened? It appears that the market has marked PATH as a surprising victim of generative AI, but I am instead of the view that the near term execution issues are more than priced in the low valuation. Net cash makes up a significant percentage of the market cap, helping to add to the already large margin of safety. The stock looks ...