![]() UiPath's current market cap is approximately $36 billion, which represents a very expensive EV/sales multiple of around 60 times. Additionally, RPA revenues are estimated to grow at double-digit rates through the end of 2024. Gartner ( NYSE:IT) predicts that robotic process automation software revenues will be approximately $2 billion this year, which is up 20% year over year. UiPath's dollar-based net retention rate is 145%, which is excellent. With that said, UiPath is recognized by many as the clear robotic process automation leader, and customers have been increasing consumption once on the platform. UiPath is arguably the best pure-play stock in the RPA space, although it does face increasing competition from companies like Microsoft ( NASDAQ:MSFT). Increased employee happiness and retention.Increased employee creativity and innovation.These software robots emulate human actions and provide many benefits. RPA technology makes it simple for businesses to build, deploy, and manage bots. The company's software enables organizations to automate data entry and repetitive tasks. UiPath is a global software company focused on robotic process automation, also called RPA. Follow ( NYSE:PATH), a 2021 high-flyer unicorn IPO, recently had its first earnings report, and the company's stock pulled back on valuation concerns. UiPath's stock price has an all-time high of $90, but now trades closer to $70. ![]()
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