Is UiPath Stock a Buy?
UiPath (NYSE: PATH), a developer of automation software for repetitive office tasks, went public in April at $56 per share. The stock price surged to $90 the following month, but subsequently dropped below its IPO price.
Let's look back at why UiPath initially impressed the bulls, why it lost its luster, and whether or not its stock is worth buying again in the low $50s.
UiPath's software robots perform repetitive office tasks such as processing invoices, managing inventories, onboarding customers, sending out mass emails, and inputting large amounts of data by using a company's existing software. That automation enables companies to reduce their expenses, eliminate unnecessary job positions, and eliminate the risks of human errors.
Source Fool.com
