Shares of automation software company UiPath (NYSE:PATH) fell 5% in the morning session after Macquarie analyst downgraded the stock's rating from Outperform (Buy) to Neutral and lowered the price target from $29 to $12. Some factors driving the analyst's revised outlook include the CEO's sudden departure and the weak guidance provided when UiPath reported earnings.
Recently, Zacks.com users have been paying close attention to UiPath (PATH). This makes it worthwhile to examine what the stock has in store.
The Dow Jones tumbled below its 50-day line as the stock market saw broad losses this week, led by earnings losers Salesforce and Dell.