#7 - UiPath (NYSE:PATH)
The last stock on this list is UiPath Inc. (NYSE: PATH). The software company provides companies with an end-to-end automation platform known as robotic process automation (RPA). Specifically, the company creates bots that help increase workplace productivity by automating repetitive tasks.
UiPath was whacked hard as the economy slowed and valuations were lowered in 2022. Earnings fell by 37.5% and the company was already not profitable. But revenue and earnings are both forecast to show double-digit growth in the next five years. That seems likely with the growing interest in artificial intelligence.
The company is financially stable. And with the labor market becoming more fragmented, companies may be turning to automated solutions which opens up a runway for continued growth.
About UiPath
UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.
Read More - Current Price
- $14.51
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 16 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $17.47 (20.4% Upside)
At the end of the day, your reason for investing in disruptive technology is because you’re willing to play the long game. For most investors, there’s nothing wrong with setting aside a portion of your portfolio for a moonshot or two. Companies like Alphabet do it all the time.
But these companies also know that they may have as many swings and misses as they do home runs. That’s why as an investor in disruptive technology you shouldn’t view it as an all or nothing proposition. Buy at a price you like and be prepared to buy and sell at price points that let you sleep at night.
And if you want to avoid some of the volatility that comes from picking individual stocks in this sector, you can invest in Cathie Wood’s ARK Innovation ETF. This will give you exposure to a broader range of companies and has already over $7 billion in assets under management.
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