Posted 12/29/2023, 12:45:00 PM
Cathie Wood Goes All In on UiPath, Leading RPA Software Firm With $66B Growth Potential
- Cathie Wood's Ark Invest fund is bullish on UiPath (PATH), an AI-powered robotic process automation (RPA) software company
- UiPath is Ark Invest's 2nd largest holding and the author keeps buying more shares
- RPA software market projected to expand from $2.6B now to $66B by 2032
- UiPath already leads the RPA market with $1.38B in annual recurring revenue
- UiPath stock trades at 11.8x forward sales, reasonable given its growth prospects