PATH - Time to Buy the Dip on UiPath Stock?
2024-06-09 05:10:00 ET
Software-based robotics and automation platform UiPath (NYSE: PATH) just got clobbered. Investors have been neutral over its last two years navigating the bear market with a new CEO (which was initially a co-CEO situation with one of the co-founders).
But the bear market is over, and new methods of artificial intelligence (AI) have investors suddenly displeased with UiPath -- or at least highly uncertain of what comes next. The stock fell nearly 35% immediately following the fiscal 2025 first-quarter update (for the three months ended April 30).
UiPath hasn't been the only software business to take it on the chin. The game has changed, and companies need to spend to keep pace with the rapid innovation Nvidia has helped unlock. Is it time to buy the dip on UiPath stock?
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Time to Buy the Dip on UiPath Stock?