What's Going On With UiPath Stock After Earnings?
Portfolio Pulse from Erica Kollmann
UiPath, Inc. (NYSE:PATH) shares fell despite surpassing Q4 earnings and sales expectations and receiving an analyst upgrade from JP Morgan. The company's Q1 revenue guidance was below estimates, but its FY 2025 revenue outlook exceeded expectations. Several analysts adjusted their price targets on PATH, with upgrades reflecting optimism about the company's future performance. However, PATH shares are trading lower, down 6.9% at $22.75.
March 14, 2024 | 5:42 pm
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UiPath exceeded Q4 expectations and received an analyst upgrade, but shares fell due to lower Q1 revenue guidance.
Despite positive Q4 results and an analyst upgrade, UiPath's shares dropped due to its Q1 revenue guidance being below market expectations. This suggests that short-term investor sentiment may be negatively impacted by concerns over near-term revenue growth, despite the long-term positive outlook indicated by the FY 2025 revenue guidance and analyst upgrades.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100