“Up Over 90% This Year, Will UiPath Stock Continue Rallying in 2024?”
December 19, 2023
“…UiPath is an unprofitable company; it incurred losses totaling $363.8 million over the trailing 12 months. But it is posting strong revenue growth, and with gross profit margins in excess of 80%, there’s hope that as sales rise, the bottom line can finally get into the black…
Analysts believe that the stock may have already peaked. According to the consensus analyst price target of just under $22, Wall Street analysts believe the stock could fall by 10% from where it trades at right now…
UiPath’s stock is performing well this year but given that its shares fell by 71% in 2022, it’s simply recouping losses for investors. Since going public in 2021, UiPath’s stock is still down 64% overall…”
https://finance.yahoo.com/news/over-90-uipath-stock-continue-102500460.html