Is IPO Stock UiPath a Buy After Its First-Quarter 2021 Update?
As the economy recovers from the effects of the pandemic, businesses across the country are reporting difficulty hiring employees and a shortage of workers. Some have left to work for themselves, others have quit simply to recapture some life-work balance. There has been concern vocalized in the past over AI's potential to eliminate jobs, but the fact of the matter is AI could be a necessary tool to help organizations evolve in a post-pandemic world that has a shortage of employee help.
Software-based automation could have massive potential as a result. Enter robotic process automation (RPA) company UiPath (NYSE: PATH). The company just went public this past spring and had a fantastic showing in its first quarter since its initial public offering. It isn't a cheap stock, but if you are looking very long-term, it could be time to start nibbling.
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Source Fool.com
