PATH Stock Recent News

Microsoft has a diverse business that artificial intelligence can make even better. Palantir Technologies has been helping companies identify ways that artificial intelligence can improve their operations.

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UiPath has done a great job expanding within its existing customer base, demonstrating the attractiveness of its solution. UiPath has reaccelerated its growth and become more efficient in sales and marketing, making it an attractive growth stock. Partnerships with SAP and T-Systems, as well as the use of generative AI, provide additional opportunities for growth.

Besides Wall Street's top -and-bottom-line estimates for UiPath (PATH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended October 2023.

Alphabet is poised to be among the biggest AI winners over the next decade and beyond. Amazon has big growth opportunities in cloud services and e-commerce.

We are upgrading UiPath stock to a buy. The stock has declined about 74% since our sell rating in June 2021 and underperformed the S&P 500 by 80%. We believe PATH's innovative AI-powered automation platform positions it to offset the current weak overall IT spending environment.

The S&P 500 is nearing bull market territory, and the index returned an average of 169% during past bull markets. UiPath is the market leader in robotic process automation software, and the company should benefit from the growing demand for artificial intelligence tools.

In the most recent trading session, UiPath (PATH) closed at $18.35, indicating a +0.22% shift from the previous trading day.

UiPath Inc (NYSE:PATH) is set to post higher revenues and earnings for the third quarter when it hands down its latest financial report on Thursday, November 30 after the stock market closes. The business automation platform expects to report revenue in the range of $313 million to $318 million.

These three companies rely on AI as a key component to help capture customers and expand revenue. The use of AI is delivering tangible results for each business, including double-digit annual revenue growth.