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Where Will UiPath Stock Be in 1 Year?

TheMotleyFool

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Where Will UiPath Stock Be in 1 Year?: https://g.foolcdn.com/editorial/images/711717/ai-robots-office.jpg

UiPath's (NYSE: PATH) stock jumped 12% on Dec. 2 after the automation software provider posted its latest quarterly report. For the third quarter of fiscal 2023, which ended on Oct. 31, revenue rose 19% year over year to $263 million and beat analysts' estimates by $7 million. Its adjusted net income surged from $2 million to $27 million, or $0.05 per share, which also cleared the consensus forecast by $0.06.

Does that earnings beat indicate that UiPath has finally reached an inflection point after losing about two-thirds of its value over the past year? Let's see where its stock might be headed over the next 12 months.

Image source: Getty Images.

Source Fool.com

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