UiPath ( (PATH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
UiPath’s stock has been on the rise due to strong earnings performance, even amidst challenging macroeconomic conditions. This positive sentiment is further supported by an unusually high volume of call options, suggesting that investors are feeling bullish about the company’s future. As a result, analysts have set a price target of $13.18, indicating an 11.04% potential upside.
More about UiPath
YTD Price Performance: -8.20%
Average Trading Volume: 11,805,706
Technical Sentiment Signal: Strong Sell
Current Market Cap: $6.3B
For further insights into PATH stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.