What's Going On With UiPath Shares Thursday?
Portfolio Pulse from Adam Eckert
UiPath Inc (NYSE:PATH) reported Q1 revenue of $289.59 million, beating estimates of $271.13 million, and earnings of 11 cents per share, surpassing estimates of 2 cents per share. However, shares are trading lower as Barclays lowered its price target following the results.
May 25, 2023 | 1:22 pm
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NEGATIVE IMPACT
UiPath's Q1 revenue and earnings beat estimates, but shares are trading lower due to Barclays lowering its price target.
UiPath reported better-than-expected Q1 results, but the stock is trading lower as Barclays lowered its price target. This indicates that the market is reacting negatively to the lowered price target, despite the positive earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100