UiPath: Fairly Valued But Competition Is Increasing
UiPath (PATH) is in the process of building an end-to-end automation platform, which positions them for further success in the Robotic Process Automation (RPA) market. The company's financial performance has been robust in recent years and despite the extremely high revenue multiple of the stock, UiPath's share price is probably justified, provided they can maintain their market leadership. UiPath UiPath provides RPA software that aims to unburden employees from repetitive tasks and enable the fully automated enterprise. UiPath was founded in 2005 in Romania and was initially focused on building automation scripts and developing computer vision technology, both of which remain the foundations of the company to this day. UiPath's software lowers the barriers to adoption for automation solutions, allowing customers to build, manage and measure automations across their organization. Much of this functionality is provided by Artificial Intelligence (AI) based computer vision,