What's Going On With UiPath Stock After Earnings?
Portfolio Pulse from Erica Kollmann
UiPath, Inc. (NYSE:PATH) shares fell despite posting better-than-expected Q2 results, announcing a $500 million share repurchase expansion, and issuing strong revenue guidance. Analysts raised price targets, but the stock is down 5.11% at $12.09.
September 06, 2024 | 3:32 pm
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UiPath shares fell 5.11% despite strong Q2 earnings, a $500M share buyback, and raised revenue guidance. Analysts increased price targets, but the stock remains volatile.
Despite strong earnings and a significant share buyback program, the stock fell, indicating potential investor concerns or profit-taking. Analysts raised price targets, suggesting potential future upside, but the immediate market reaction was negative.
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