With PATH stock consolidating for six months, we assess its current status to decide on the best strategy for the future.
UiPath (PATH) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
UiPath (PATH 1.74%) hasn't had a great run over the past few years. The stock was down nearly 50% last year when many tech stocks were up significantly.
Artificial intelligence (AI) has been a hot investing theme over the past couple of years. Companies involved with AI have been some of the best investments to own -- for the most part, anyway.
The U.S. stock market ended 2024 on a high note, with the benchmark S&P 500 index up by 23.3%. That came on the heels of its 24.2% rise in 2023, so overall, the S&P was up by 53.2% since 2022 -- one of its best two-year stretches of the 21st century.
PATH's oversold status has been somewhat warranted, attributed to the notable deceleration in its performance metrics on a YoY basis. Even so, the management's promising FY2025 guidance and new AI product launches signal a potential for renewed growth opportunity in FY2026. Readers must note that Agent Builder is already in private preview with "over 1,000 organizations signed up" as of December 05, 2024, with a public preview set in FQ1'26 (CQ1'25).
UiPath (PATH) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Since PATH is consolidating for six months, we evaluate the stock's current position to determine how to play it now.
Recently, Zacks.com users have been paying close attention to UiPath (PATH). This makes it worthwhile to examine what the stock has in store.
UiPath (PATH 4.00%) is at the crossroads of automation and artificial intelligence.
This company utilizes artificial intelligence to improve business processes.
Zacks.com users have recently been watching UiPath (PATH) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.