UiPath Inc. (NYSE:PATH) provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. It develops UiPath Studio, a platform designed for RPA developers looking to build complex process automations with built-in governance capabilities, such as robust debugging tools, application programming interface automation, wizards to automate desktop or web applications, leverage custom code, and to integrate machine learning models into production workflows. The company also offers UiPath Robots, which emulates human behavior to execute the processes built in UiPath Studio; and UiPath Orchestrator that tracks and logs robot activity, along with what people do in tandem to maintain strict compliance and governance through dashboards and visualization tools. In addition, it provides maintenance and support for its software, as well as professional services, such as training and implementation services to facilitate the adoption of its platform. UiPath Inc. was founded in 2005 and is headquartered in New York, New York.

finviz dynamic chart for PATH

UiPath’s platform blends RPA and AI (Artificial Intelligence), which includes natural-language processing, computer vision, and machine learning. Its platform identifies tasks that can be automated then helps clients build, manage, and measure software robots that automate those tasks. 

UiPath’s combination of RPA and AI allows clients to build software robots that learn from human behavior, which makes it possible to automate even highly complex tasks.

UiPath can transform enterprises by replacing humans with robots. This boosts efficiency by freeing people from tedious or repetitive tasks, allowing them to spend their time on more valuable activities.

UiPath estimates its current market opportunity at $60 billion, but management expects this figure to grow over time.

Research firm Gartner has recognized UiPath as the leader in the RPA market, citing its ability to handle complex processes as a key differentiator. More recently, research firm Forrester also noted UiPath’s leadership, citing a stronger current offering and a stronger growth strategy than any rival.

The company had 7,968 customers as of Jan. 31, 2021, up from 2,671 just two years earlier. Put another way, UiPath’s customer base has grown by 198% during that short time period. It generates positive free cash flow of $26 million during fiscal 2021. UiPath’s net retention rate was 145% during 2021, indicating a 45% uptick in average customer spend.

In conclusion, UiPath is a long-term growth stock because of its solid competitive position and strong top-line growth competing in this sizeable market opportunity. In five years, this growth stock could tripled in value.

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