UiPath, a mid-cap stock rooted in robotics process automation, is poised to become one of the most important tech stocks by 2028. With software bots being cheaper to deploy than AI agents, UiPath’s platform can manage both AI agents and software bots efficiently, potentially leading to explosive growth.

UiPath’s foundation in RPA gives it an advantage in managing AI agents and software bots, saving customers money by assigning tasks effectively. The company’s Maestro platform allows customers to manage a growing number of AI agents and software bots while keeping humans in the loop. UiPath’s recent acquisition of WorkFusion adds pre-built AI agents focused on financial service security to its platform.

Despite being in the early stages of its agentic AI journey, UiPath has seen revenue growth accelerate, climbing 16% in fiscal Q3. With a forward P/S ratio below 4 times and a forward P/E of less than 16 times, the stock has significant upside potential if it continues to innovate and expand its platform.

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Read more at Yahoo Finance: This Could Be One of the Most Important Stocks in Tech By 2028