US Stocks News: UiPath plummets on September 28 as rating downgraded, software stocks weaken, and growth slows

UiPath September 28 Decline Explained

Keywords: Rating downgrade, software stocks weakening, growth slowdown

1. On September 28, Davidson Trust downgraded UiPath's rating from "Neutral" to "Underperform," and lowered the target price from $16 to $10, further revising valuation expectations downward.

2. On September 28, Salesforce, Datadog, and ServiceNow stocks declined together. The software stock ETF opened down, and the downturn in the software sector increased UiPath's sector pressure.

3. On September 3, the company projected that fiscal Q3 2027 revenue growth would slow to about 8% from 13.4% in Q2. From September 22 to 25, multiple institutions successively lowered their target prices, with concerns over growth realization and valuation compression persisting.

(Disclaimer: This content is generated by AI technology summarizing publicly available information for reference only and does not constitute investment advice.)