Investing
Add as a preferred source on GoogleThe bearish call covers 12 to 18 months; PATH is UiPath’s ticker on the New York Stock Exchange.
Hedgeye estimates UiPath, Inc. shares have 38% potential downside over 12 to 18 months and has named the stock among its top short ideas, giving investors a measure of its bearish outlook.
UiPath trades on the New York Stock Exchange under the ticker PATH. Hedgeye’s estimate concerns a possible future move in the shares; it does not describe a decline that has already occurred.
MetLife and Corpay joined the October list, while Bank of America was removed.
KBE closed at $63.62 on Oct. 16, still $5.72 below its Sept. 4 close.
The S&P 500 rose 0.4% Monday. SpaceX is due to report after the close Oct. 20, with Meta Platforms and Tesla scheduled for Oct. 21.
