Since going public in April 2021, UiPath's share price has plunged as macroeconomic headwinds have sparked a sell-off in richly valued growth stocks, especially those of the unprofitable persuasion. To that end, UiPath stock currently trades 55% below its all-time high.
Does UiPath stock grow?
UiPath is the leader in the robotic process automation market which is estimated to be $1.57 billion total market in 2020. According to Grand View Research the industry will grow at a strong double digit growth rate recording 32.8% revenue CAGR until 2028.
Is UiPath overvalued?
While many overvalued tech stocks are unlikely to return to their former peak valuations, UiPath is a high-quality firm that has gotten caught up in the correction of the tech sector.
Is UiPath a good stock to buy?
Additionally, UiPath's revenue base is quite substantial compared with many companies in the immediate aftermath of their IPOs. As a result, investors should have confidence in UiPath. If you're looking to pick up a hypergrowth stock today, UiPath's shares are a good choice.
Is UiPath a buy right now?
According to a report from Forrester Wave, UiPath has the leading industry capabilities right now in RPA, According to Forrester, UiPath's RPA solutions are ahead of those of Microsoft (NASDAQ:MSFT), SAP (NYSE:SAP), Pegasystems (NASDAQ:PEGA), and numerous other, privately owned competitors.
Is UiPath buy or sell?
The UiPath Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Is UiPath IPO good?
It's easy to dismiss UiPath as another overvalued tech IPO, but investors shouldn't overlook its underlying strengths. The company ended the second quarter with over 9,100 customers, compared to 7,968 customers at the end of fiscal 2021 and 6,009 customers at the end of fiscal 2020.
Why did UiPath stock fall?
The stock fell early in the month after the company reported financial results for the third quarter of its fiscal 2022. It also pulled back after receiving an analyst downgrade in mid-December, in addition to the ones it received immediately following the earnings release.Jan 4, 2022