Apr. 24 at 4:37 PM
$PATH we all know SaaS narrative is in the dumps. It will take time for AI software to start becoming widely adopted by enterprises. In the meantime, companies like
$PATH have been doing their due diligence, pivoting, executing, and growing EPS. I’m fully aware we aren’t growing year over a year by 30% like these other hyper growth companies like
$CRWV $NBIS and similar names, however,
$PATH has a solid P/S ratio P/E ratio EV/sales ratio, balance sheet, and growth that appears to be re-accelerating. We will have to find out if that comes to fruition later this year. My point is that this is most likely the fundamental bottom of the stock price. Could we see nine dollars? Possibly but this is all sentiment and narrative driven. Nothing fundamentally about the business has changed. Barring any fundamental changes of the business: NRR dropping, gross margins dropping, non GAAP earnings miss, the stock is a buy at these levels.
