UiPath Stock Is Down 49% This Year. Here's Why It's Time to Double Down.
PATHUiPath(PATH) The Motley Fool·2024-07-02 19:15

A CEO shakeup and lowered guidance caused the latest sell-off.In a year when practically any company associated with artificial intelligence (AI) has seen its stock rise, UiPath (PATH 1.58%) has done the opposite. 2024 has been a disaster for investors so far with the stock down 49%. While the lion's share of this tumble came following its latest earnings announcement on May 29, the stock had already been steadily declining in the lead-up to that report. However, the sell-off is way overblown, and the stock ...