(NYSE:PATH) UI PATH: Automating or Getting Automated Away?
PATH specializes in developing automated workflow systems for companies. It boasts over 11k customers including 80% of the Fortune 10 and 61% of the Fortune 500. Their customers span industries and include Adobe, Applied Materials, Chevron, CrowdStrike, CVS Health, and Uber. As enterprise spending has slowed and the threat of Gen AI has introduced obsolescence risk, PATH has dropped approximately 80% since its IPO in 2021. However, we believe that generative AI can enhance PATH's future prospects by significantly boosting business automation workflows. PATH can capitalize on its existing enterprise ...