Cathie Wood Is Betting Big on This AI Stock. Should You?

By Neil Rozenbaum – Sep 8, 2023 at 10:00AM

NYSE: PATH

UiPath

Market Cap

$12B

Today's Change

(1.09%) $0.22

Current Price

$20.41

Price as of May 17, 2024, 4:00 p.m. ET

UiPath reported a stellar second quarter. Is PATH stock a buy now?

In this video, I will talk about UiPath (PATH 1.09%), specifically some new price targets from analysts, and the recent second-quarter earnings report. Growth investor Cathie Wood also believes in the company's future; it is the fourth-largest holding across all of Ark Investment Management's ETFs.

*Stock prices used were from the trading day of Sept. 7, 2023. The video was published on Sept. 8, 2023.

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.