UiPath (NYSE: PATH) has attracted interest with its ability to apply robotics process automation (RPA). The technology applies robotics to enable entities to perform repetitive tasks and processes more efficiently.
However, an ill-timed initial public offering (IPO) and a technology bear market have driven its revenue growth and stock price downward. Amid that downturn, can UiPath maintain its value proposition to customers and investors, or do its challenges make it too risky? Let's take a closer look at the software-as-a-service (SaaS) stock to find out.
Admittedly, UiPath's software may not sound special at first glance. Its main purpose, the automation of repetitive tasks, has long served as a means for implementing software.
Source Fool.com