Is UiPath a Good Stock to Buy Now?
Shares of UiPath (NYSE: PATH) recently jumped in response to the company's fiscal fourth-quarter earnings. The enterprise automation business reported results that beat expectations on the top and bottom lines.
In addition to a strong performance during the three months that ended Jan. 31, the company issued forward-looking guidance that was even better than Wall Street's forecast.
UiPath's fiscal fourth quarter was more than encouraging, but investors have already driven the stock about 16% higher since its latest earnings call. Does this stock have more fuel in the tank for patient investors, or is it already overbought? Let's weigh some reasons to buy this artificial intelligence (AI) stock now against reasons to remain cautious.
Source Fool.com
