Is UiPath's Stock Price Explosion Following Earnings Justified?

By Parkev Tatevosian, CFA – Mar 20, 2023 at 11:23AM

NYSE: PATH

UiPath

Market Cap

$7B

Today's Change

(1.57%) $0.19

Current Price

$12.26

Price as of May 31, 2024, 4:00 p.m. ET

Investors were relieved to see revenue expectations improve.

UiPath (PATH 1.57%) told investors that it expects revenue growth to accelerate over the next several quarters. Its stock price jumped after the announcement. In this video, I will evaluate UiPath's latest earnings and determine if the stock price increase is justified by the financial metrics.

*Stock prices used were the afternoon prices of March 16, 2023. The video was published on March 18, 2023.

Parkev Tatevosian, CFA 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. Parkev Tatevosian 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.