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UiPath shares rallied 10.5% on Monday, driven by a positive analyst note and increased discussion on Reddit's Wall Street Bets. Analyst Terry Tillman reaffirmed his hold rating but expressed confidence in UiPath meeting its full-year outlook. Meme stock traders on WSB likely contributed to the stock's surge, with mentions increasing 500% over the weekend. Despite the rally, UiPath remains 85% below its 2021 high, and its low valuation (4.3 times sales) could make it an attractive buy for some investors.
UiPath (NYSE: PATH) shares rallied 10.5% on Monday, driven by a positive analyst note and increased discussion on Reddit's Wall Street Bets (WSB). Analyst Terry Tillman reaffirmed his hold rating but expressed confidence in UiPath meeting its full-year outlook. Meme stock traders on WSB likely contributed to the stock's surge, with mentions increasing 500% over the weekend.
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