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Is UiPath a Buy Amid the S&P 500 Bear Market?

·3-min read
Is UiPath a Buy Amid the S&P 500 Bear Market?

UiPath is a robotic process automation (RPA) provider that helps businesses automate routine office activities. For example, Uber (NYSE: UBER) uses UiPath RPA to simplify and coordinate global operations and ensure regulatory compliance. According to Grand View Research, the global RPA market is forecast to expand at a compound annual growth rate (CAGR) of 38.2% through 2030, and given UiPath's 27.1% share of the industry, the stock could be due for a major rebound in the years to follow.