Longsetup for PATH

NYSE:PATH   UiPath, Inc.

We realized some unusual call volume in the last days for the chinese stock of PATH.

UiPath is a leading robotic process automation player. UiPath's stock has emerged as an attractive buy-the-dip pick.

High inflation has made it more difficult for organizations to manage expenses. UiPath's low-code software tools help organizations easily automate repetitive processes and tasks without the aid of a software engineer. The result is that businesses can save on time and costs, reduce human errors, and enjoy higher operational efficiency.

As evidence of the appeal of UiPath's offerings, consider that it added 1,020 new customers in the past year and served 10,650 customers at end of its fiscal third quarter on Oct. 31. Its annual recurring revenue rose by 36% to $1.1 billion at end of fiscal Q3 -- a figure that gives the company high revenue visibility. Its fiscal Q3 dollar-based net retention rate of 126% further highlights how successful it has been at cross-selling and upselling its products. And UiPath also boasts a solid balance sheet, with $1.7 billion in cash and negligible debt. (source: yahoo finance)

We bought the stock at 15.57 $

Buy Market: 15.57 $
Sell Stop Loss: 13.00
Sell Profit Target: 22.00

When the stock reaches 19.00 $ you can also move the stoploss to your entry price as a breakeven stop.


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