Posted 1/29/2024, 7:08:00 PM
UiPath Stock Tests Support Levels as Investors Weigh Growth Outlook Amid AI Competition
- UiPath stock trying to bounce off 50-day moving average, with 24.08 as early entry point
- Posted 3 quarters of accelerating revenue growth; top 5 holding in Cathie Wood's ARKK ETF
- Questions around impact of generative AI and Microsoft competition on growth prospects
- Rated best-possible Composite Rating of 99 by IBD Stock Checkup
- Expanded product suite beyond RPA into broader workflow automation platform