Jun. 11 at 8:10 PM
$PATH Price has been disappointing this year so far but company's performance has been improving quarter after quarter. UiPath is improving.. to be honest, when it comes to the business environment, company is generally healthy. If we continue delivering quarter beats and improving results, there will be a re-rating soon, I expect volatility on this stock till the next quarter honestly, unless there could be some beneficial news that drives this stock. Not contracts or partnerships, some news that could cause explosion. For now, we have to be patient on the company's results.
Unfortunately, the software sector doesn't help. SaaSpocalypse is still here. But many analysts believes it is over. Software sector could potentially surge as analyst predict bottoms. Snowflake's earnings results showed the market some sort of belief that software is alive. As market still thinks software is dead (replaced by AI). Once market fully realizes like in 2022, sector drives and that includes PATH.