These Analysts Slash Their Forecasts On UiPath Following Q1 Results
Portfolio Pulse from Avi Kapoor
UiPath, Inc. (NYSE:PATH) reported better-than-expected Q1 results and announced a CEO transition. Despite positive earnings and revenue, analysts slashed their price targets and downgraded the stock, leading to a 2.4% drop in share price.
May 30, 2024 | 11:36 am
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UiPath reported better-than-expected Q1 earnings and revenue, but announced a CEO transition. Analysts from TD Cowen, B of A Securities, and Needham downgraded the stock and slashed price targets, causing a 2.4% drop in share price.
Despite positive Q1 results, the CEO transition and significant downgrades from major analysts have negatively impacted investor sentiment, leading to a short-term decline in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100