Where Will UiPath Stock Be in 1 Year?
UiPath's (NYSE: PATH) stock jumped 12% on Dec. 2 after the automation software provider posted its latest quarterly report. For the third quarter of fiscal 2023, which ended on Oct. 31, revenue rose 19% year over year to $263 million and beat analysts' estimates by $7 million. Its adjusted net income surged from $2 million to $27 million, or $0.05 per share, which also cleared the consensus forecast by $0.06.
Does that earnings beat indicate that UiPath has finally reached an inflection point after losing about two-thirds of its value over the past year? Let's see where its stock might be headed over the next 12 months.
Source Fool.com