Ark Invest Trims UiPath Stake, Sets $1,500 Price Target for Zoom on AI Growth Potential
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Cathie Wood's Ark Invest funds are cutting their position in UiPath (PATH), their favorite AI stock, after a strong run up.
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UiPath faces competition from larger companies like Microsoft, but is growing quickly with improving margins.
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Ark sees potential for Zoom Video (ZM) to benefit from increased AI productivity and set a 2026 price target of $1,500 per share.
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Zoom is recovering from the pandemic pull forward and starting to see declining churn rates.
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At current prices, Zoom looks attractive trading at 14x earnings with potential for cash flow growth as it wins more customers.