UiPath Inc.: Bullish Support Is Finally Here - Turnaround Likely Prolonged

Sep. 14, 2024 10:00 AM ETUiPath Inc. (PATH) StockPATH23 Comments
Juxtaposed Ideas
13.87K Followers
(10min)

Summary

  • PATH has faced near-term challenges, but shows promise due to its growing customer base, healthy balance sheet, and recent share repurchase authorization.
  • Despite the mixed earnings and decelerating ARR growth, the raised FY2025 guidance and new AI product releases in Q3'24 offer potential for renewed growth opportunities.
  • PATH's valuation remains attractive with a FWD PEG non-GAAP ratio of 1.16x, compared to its automation/AI SaaS peers.
  • Even so, we shall discuss why investors may want to be cautious of its near-term volatility and slower bottom-line expansion.
Stock Chart Bounces Off Man"s Outstretched Hand

DNY59

We previously covered UiPath (NYSE:PATH) in July 2024, discussing its inability to ride the first wave of generative AI monetization, as observed in the sudden management change and the drastically lowered FY2025 guidance.

Despite near-term challenges, the decelerating ARR growth, and moderating

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