2024-07-02 08:45:07 ET
Summary
- UiPath investors endured a torrid month in June as PATH stock crashed after its Q1 earnings.
- PATH buyers have attempted to bottom above the $11 level.
- UiPath aims to reignite growth momentum in FY2025, but execution risks are likely high.
- PATH is not assessed to be undervalued. Buying confidence could be hampered by a lack of GAAP profitability.
- I argue why a bottom is likely. However, not every bottom should be regarded as a buying opportunity. Read on.
UiPath's Torrid June Is Justified
UiPath Inc. ( PATH ) investors have endured a torrid month as PATH stock fell to lows last seen in early 2023, threatening its nascent recovery. I assessed pretty robust dip-buying sentiments over the past four weeks, as PATH found a bottom above the $11 level. As a result, bullish UiPath investors looking to capitalize on a potential inflection point in PATH's price action have likely committed additional exposure to the stock. I highlighted my cautious PATH rating in December 2022. UiPath has since demonstrated its trajectory toward free cash flow profitability, lifting buying sentiments on PATH....
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UiPath: Too Early To Bet On A Turnaround