The Latest Breaking News from UiPath

UiPath Inc (NYSE: PATH) reported first-quarter revenue growth of 32% year-over-year to $245.1 million, beating the consensus of $225.26 million.

UiPath (NYSE:PATH) is set to give its latest quarterly earnings report on Wednesday, 2022-06-01. Here's what investors need to know before the announcement. Analysts estimate that UiPath will report an earnings per share (EPS) of $-0.05.

Over the past 3 months, 14 analysts have published their opinion on UiPath (NYSE:PATH) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Due to the recent tech selloff, renowned investor Cathie Wood’s flagship Ark innovation ETF has retreated from its 2021 highs this year. However, accelerated digitalization, increasing tech dependence, and growing IT spending should allow Wood’s portfolio to rebound quickly. Given these factors, Wall Street analysts expect Wood’s beaten-down tech stock…