UiPath's Stock Price Just Plunged. Time to Buy?
UiPath(PATH) The Motley Fool·2024-06-07 19:19
Is UiPath's recent stock drop a buying opportunity or a red flag? Here's what you need to know.UiPath's (PATH 3.20%) first-quarter report was a baffling affair. The reported results were within management's guidance ranges, but a top-end revenue reading was undermined by low-range profits and downright disappointing forward guidance. The business automation expert lowered its full-year revenue forecast by 10% and the operating profit projection by 51%.Many analysts were quick to cut their price targets for ...