NEW YORK, March 24, 2026, 18:00 EDT
UiPath tumbled roughly 8.7% in late Tuesday action, changing hands at $11.07. That put it among the hardest hit as software stocks sold off, with investors reviving concerns that fresh AI agents might threaten legacy business-software names. The shares dipped to $10.93 at their session low.
UiPath entered the week looking stronger than the headline suggested—delivering its first year of GAAP profitability, announcing a new $500 million share repurchase, and turning in double-digit ARR growth, a key subscription metric. But Tuesday’s selloff made clear that investors aren’t ready to crown the company as a definitive AI beneficiary just yet.
Selling swept across the market. The iShares Expanded Tech-Software Sector ETF dropped 4.2% late in the session. HubSpot tumbled 9.2%, Atlassian gave up 8.4%, and Salesforce slid 6.3%. The Nasdaq ended down 0.84%, with oil and yields piling on the pressure for risk assets.
Pressure has been mounting for weeks. On March 12, Reuters reported that Anthropic’s AI plug-ins contributed to a nearly $1 trillion selloff in software stocks, while James St. Aubin, chief investment officer at Ocean Park Asset Management, pointed out that “proprietary data is the deepest moat by far” as investors try to figure out which vendors have staying power. Reuters
UiPath reported fourth-quarter numbers on March 11: revenue up 14% to $481 million, annualized recurring revenue at $1.853 billion—an 11% climb. The company also turned in $80 million in operating income under GAAP and signed off on another $500 million for share buybacks. “As enterprise AI adoption moves from experimentation to scaled deployment, customers increasingly need a platform that can execute complex processes with reliability, governance, and scale,” Chief Executive Daniel Dines said. UiPath, Inc.
The forecast didn’t exactly excite. UiPath is looking for fiscal 2027 revenue between $1.754 billion and $1.759 billion—about 9% up, after seeing 13% growth to $1.611 billion in fiscal 2026. Investors keep circling back to that deceleration.
The rivalry keeps heating up. On Tuesday, Oracle announced updates to its finance and procurement apps, aiming to let AI agents handle a bigger chunk of routine tasks for users. Earlier this month, Reuters reported that both Oracle and Salesforce have been assuring investors that their tightly integrated data and workflows give them staying power. “Typing in an invoice isn’t a particularly high-value skill,” Oracle’s Steve Miranda told Reuters. Reuters
UiPath finds itself in a complicated position. The company touts its “agentic automation” — software built for AI agents, bots, and humans to collaborate within business workflows. But there’s a real question hanging over the market: will more capable AI assistants just sidestep parts of UiPath’s stack, rather than requiring an extra layer to handle those tasks? UiPath, Inc.
Here’s the straightforward risk: Should rising oil and persistent high rates prompt companies to pull back on software spending—or if they opt for more comprehensive AI products from bigger players over UiPath—revenue growth at the company may hold steady at the high-single-digit level it just forecast for this year.
UiPath isn’t in a rush. The company closed January holding $1.69 billion in cash, cash equivalents and marketable securities, and with shares at $11.07, its market cap stood near $8.4 billion. But judging by Tuesday’s action, neither its cash pile nor repurchases have managed to quiet the larger doubts dogging the stock.
