Posted 2/26/2024, 5:37:53 PM
UiPath Regains Momentum After Pivoting Strategy Beyond RPA
- UiPath was a high-flying startup valued at $35B in 2021, but the stock price plunged after going public as markets cooled on tech
- In 2022, new co-CEO Rob Enslin pivoted UiPath beyond just RPA into an automation platform play
- Enslin focused on expanding in large accounts, partnerships, and new products like AI
- Growth slowed during the transition, but has rebounded back to double-digits in recent quarters
- The stock price has recovered significantly from its lows, suggesting investors are rewarding the new strategy