1 Software Stock Posts a Massive Jump in Profitability -- Is It a Top Buy for 2024 and Beyond?

Robotic process automation (RPA) software provider UiPath (PATH -0.48%) has notched a stellar rebound. Since the start of 2023, share prices are up over 80%, and the quarterly update for the fourth quarter of fiscal 2024 (for the three months ended January 2024) helped support the run higher. The company posted its first-ever profit based on generally accepted accounting principles (GAAP), on top of growing quarterly revenue by 31% from the year prior. UiPath's management shake-up last summer paid off hands ...