UiPath: The AI Play Nobody Is Talking About
Summary
- UiPath has deep customer insight with regard to enhancing productivity via automation, thus it is perfectly suited to benefit from the positive sentiment in the AI industry.
- The business has rolled out multiple new AI features including an OpenAI connector and an AI Center.
- UiPath beat revenue and growth forecasts for Q1 FY24 and has a strong 122% dollar-based net retention rate.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of PATH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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