Could Investing $20,000 in UiPath Make You a Millionaire?
Few stocks in the market have made investors a millionaire by themselves. But this task becomes easier when the initial amount invested is higher. To turn $20,000 into $1 million requires a 50-bagger -- something few stocks have achieved.
But if you invest in a company early enough, it may be possible. So, could a smaller company like UiPath (NYSE: PATH) be a candidate for such a return? Let's find out.
UiPath is a software company specializing in robotic process automation (RPA). RPA technology automates repetitive tasks, such as filling out a form or running a report. This cuts down on the mindless work employees must do, freeing them up to do tasks that require original thinking.
Source Fool.com
