Is It Too Late to Buy UiPath Stock Now?
It's been a fantastic 12 months for shareholders of robotic process automation (RPA) specialist UiPath (NYSE: PATH). Though the budding tech stock still trades nearly 70% below its post-IPO (initial public offering) high set in 2021, you can't help but wonder: Is it too late to buy UiPath stock today?
As a shareholder since shortly after that IPO -- and with the caveat that I don't expect it to revisit those highs in the very near future -- there are two big reasons I think so.
Part of UiPath's impressive gain over the last year can certainly be credited to Wall Street's euphoria over seemingly any business that claimed to be harnessing the power of artificial intelligence (AI) to benefit its customers. Too many of those businesses were making big, unfounded claims about their respective AI solutions' usefulness and revenue-generating capabilities.
Source Fool.com
