Everyone knows that a lot of stocks have fallen 80% or more. Many also realize that some of them won't survive now that higher interest rates make it much more expensive to raise money. What few might expect is that a handful will ultimately live up to the lofty expectations investors held when the shares were at their peak.

UiPath (NYSE: PATH) has a shot at falling into that last category. It makes software that lets companies automate processes -- commonly referred to as robotic process automation (RPA). Admittedly, its financials aren't great. It is riding a fast-growing trend to address an enormous market. Add in well-known partners, and an investment today could produce life-changing returns over the next decade. But a lot has to go right.

UiPath went public last April at a valuation of nearly $36 billion. It was the the third largest for a software company ever. It was coming off of a fiscal year in which revenue grew more than 80%.  Since then, each quarter has seen growth decelerate. Year-over-year top-line growth was only 19% in its most recent quarter. 

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Source Fool.com