UiPath creates software that allows business employees to tackle both complex and simple problems, including completing routine tasks. This saves businesses time and money.
The stock has outperformed all but two others on this list, as well as the S&P 500 Index, over the last year. The company has only been traded publicly for a few years, and it hasn’t posted a profitable year yet. That is expected to change in 2024, however, with analysts calling for a profit of 34 cents per share.
Because of its growth potential, PATH is worth considering, especially since it is trading well below its 2021 all-time high.
This all means, though, that with a financial health rating of “C” from Morningstar, PATH is a more speculative play.
PATH doesn’t have a current P/E since it is not yet profitable, but the forward P/E is more in line with many of the other high-growth potential AI stocks on this list.
