Why UiPath Stock Is Climbing Today
Portfolio Pulse from Erica Kollmann
UiPath, Inc. (NYSE:PATH) reported better-than-expected earnings and issued an upbeat third-quarter outlook, leading to a rise in its stock price. The company reported quarterly earnings of 9 cents per share, beating the consensus estimate of 3 cents. Second-quarter sales were $287.00 million, beating the analyst consensus estimate of $282.14 million. UiPath raised its third-quarter revenue guidance to between $313 million and $318 million and fiscal-year 2024 revenue guidance to between $1.273 billion and $1.278 billion. Several analysts raised price targets on the stock following the earnings report.
September 07, 2023 | 5:03 pm
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POSITIVE IMPACT
UiPath's better-than-expected earnings and upbeat Q3 outlook have led to a rise in its stock price. Several analysts have raised their price targets on the stock.
UiPath's better-than-expected earnings and upbeat Q3 outlook have led to a positive sentiment among investors, resulting in a rise in its stock price. The raised price targets by several analysts further reinforce this positive sentiment.
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