2024-05-28 09:20:38 ET
Summary
- UiPath is an enterprise software company that builds software robots to drive productivity (not software for robots).
- RPA (robotic process automation) may get a boost from AI implementation that accelerates growth.
- Problem: Consensus price target of US$28 is stretched at 2x PEG or 45x PE (cash).
- YE25 and YE26 estimates provide for a clearer upside potential with PEG falling to 0.5x.
- The RPA market has big players and PATH may be an M&A target.
Introduction
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For further details see:
UiPath: Torn Between Valuation And AI Growth Acceleration