PATH

Many pandemic-era “growth” stocks were left for dead in the desert in 2022, but many of them have recently turned a corner. Over the last few weeks, we’ve discussed many stocks across sectors catching a bid, leading many to ask if they’re back on the right path. 🤔

The robotic process automation software company UiPath is the latest stock to stage a turnaround. Its third-quarter revenues rose 24% YoY to $326 million and topped its guidance and Wall Street’s expectations. Meanwhile, adjusted earnings per share of $0.12 nearly doubled the consensus view of $0.07. 🔺