UiPath Had More Disappointing News, but Some Analysts See Positives


stock inched lower after the robotic-process automation firm shared an outlook that fell short of what Wall Street had expected. Analysts remain bullish on the stock.

At an analyst and investor-day conference on Tuesday,


(ticker: PATH) said it is targeting 18% revenue growth for fiscal 2024. That forecast missed the consensus prediction of more than 20% growth among analysts tracked by FactSet.