The Latest Breaking News from UiPath

UiPath Inc (NYSE: PATH) reported fourth-quarter rev

UiPath (NYSE:PATH) has observed the following analyst ratings within the last quarter:

Due to rising inflation, the Fed’s tightening monetary policy, slowing economic growth, and geopolitical strife in Europe, technology stocks are expected to remain under pressure. Thus, we think overvalued SaaS stocks Palantir (PLTR), UiPath (PATH), and Smartsheet (SMAR) are best avoided now, given their weak fundamentals and growth prospects.

Cathie Wood rose to prominence on the back of her “disruptive innovation” strategy. Her flagship fund, ARK Innovation (ARKK), has gained substantially over the past 24 months, and has outperformed the broader market recently. Wall Street analysts expect Cathie Wood’s top holdings Coinbase (COIN), Zoom Video (ZM), Roku (ROKU), UiPath…