1 Cathie Wood Stock Set to Soar 60%, According to Wall Street

By Neil Rozenbaum – Dec 22, 2022 at 10:53AM

NYSE: PATH

UiPath

Market Cap

$11B

Today's Change

(-1.52%) -$0.29

Current Price

$18.75

Price as of April 19, 2024, 4:00 p.m. ET

The path to profitability is there, but how fast the company will reach it is another question.

In this video, I will talk about UiPath (PATH -1.52%), specifically some new price targets from analysts and the recent third-quarter earnings report, and explore why some analysts believe it has a 60% upside. Growth investor Cathie Wood also believes in the company's future; it is the fourth-largest holding across all of ARK's ETFs.

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*Stock prices used were the closing prices of Dec. 21, 2022. The video was published on Dec. 22, 2022.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends UiPath. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.