Where Will UiPath Be in 5 Years?
In April, UiPath (NYSE: PATH) went public at $56 per share, jumping 23% on the first day. Given the company's background, it's not surprising that investors raced to buy this tech stock. UiPath's business is built around two trendy technologies: robotic process automation (RPA) and artificial intelligence (AI), both of which have the potential to reshape the world.
However, sometimes hype drives a stock price more than the underlying fundamentals. So before you invest your hard-earned dollars, let's look more closely at UiPath and its long-term prospects. Specifically, where will this company be in five years?
UiPath has a lofty mission: to enable the fully automated enterprise. To that end, its platform identifies tasks that can be automated then helps clients build, manage, and measure software robots that automate those tasks. This is known as RPA.
Source Fool.com
