HomeTechSoftwareUiPath (PATH) Takes A Plunge
UiPath (PATH) Takes A Plunge

UiPath Inc. (PATH) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss the global software company that specializes in robotic process automation. Jenny discusses UiPath (PATH) shares which sank to an all-time intraday low of $20.59 in Thursday’s session, that’s 20.1% lower than its closing price on Wednesday. The plunge came after UiPath (PATH) issued a weaker-than-expected outlook after market close Wednesday. Alex and Jenny talk about several analysts trimming their price targets for UiPath (PATH) but kept their ratings. Alex pointed out that PATH expanded it’s customer base by 33% during the pandemic but has not held onto that momentum. Alex and Jenny demonstrate a trade using UiPath (PATH) which was trading around $21.50 midday Thursday, that’s down 27% for the session.

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