Summary: Unlike some of its competitors in the artificial intelligence (AI) sector, UiPath is a publicly traded company listed on the New York Stock Exchange, meaning its shares are available for purchase on exchange platforms such as eToro. In this guide, you will learn how to buy UiPath stock and find some alternative AI-related investment options.
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What is UiPath?
The UiPath IPO
UiPath (NYSE: PATH) offered its stocks to the public in April 2021, raising $1.3 billion in what had been one of the largest US software initial public offerings (IPO) in history. Since the company is now publicly traded, the general investing public can buy stocks freely on exchange platforms such as eToro.
Should you buy UiPath stock?
AI solutions of the kind provided by UiPath — i.e., those that can help automatize and speed up the execution of menial tasks in a number of industries — are highly sought after, with the whole market projected to reach $43.53 billion by 2030.
Since UiPath enjoys one of the leading positions in this sector as of Q2 2023, investing in it is undoubtedly appealing to many, especially since some of its competitors, like C3.ai, have been seeing a drop in their earnings.
What’s more, UiPath has also started integrating solutions by other major players in the AI industry, such as OpenAI. That the market hopes for and expectations for OpenAI and its golden goose ChatGPT are high is no secret, seeing that Microsoft invested $10 billion in it in January 2023. In light of such funding moves, mentioned integrations tend to inspire trust in potential investors.
Note
However, relying on hype alone is never a sound investment strategy, and there are always sound arguments as to why you should be cautious when buying stocks. For example, a large percentage of UiPath revenue is generated by foreign sales. In fiscal Q3 2023, for example, 48% of the company’s income was generated by foreign sales, and the company has even admitted its stock is sensitive to changes in foreign exchange (Forex) volatility.
How to buy UiPath stock?
To invest in UiPath, simply take the following steps:
Step 1: Research the market and the company
The AI market is relatively new, but it’s expanding at a rapid pace, with innovations in various sectors (medical, software development, finance, etc.) promising great long-term prospects. As UiPath is a publicly traded company at the forefront of the market, researching its position and role in the development of AI technologies, as well as its growth potential, should not be a problem.
The landscape is competitive, and there is a lot of inherent uncertainty to it, so be sure you read the company’s annual reports, investigate its shareholders and leadership team, monitor user sentiment, etc.
As of Q2 2023, the five most popular investment choices and UiPath alternatives in the AI sphere are:
Step 2: Set up a brokerage account
To actually start investing in UiPath stocks, you need to find a reliable broker. To find one that will align with investment goals and strategies, consider factors such as:
- Reputation: Never trust a broker that does not hold licenses from financial bodies such as the Financial Conduct Authority (FCA) or Financial Industry Regulatory Authority (FINRA);
- Fees: The lower the fees, the better;
- Offerings: Look for brokers that offer a wider range of investment products (mutual funds, ETFs, options, etc.);
- Security: Since your capital is at stake, never trust brokers that do not take client security and privacy seriously.
What platform to choose?
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eToro USA is registered with FINRA for securities trading.
Step 3: Fund your account
When you register an account at your broker, it’s time to transfer some funds to it. Usually, you can do that by simply linking your broker and your bank account or by using another (third-party) payment method like PayPal (PYPL).
Step 4: Place a trade
Once you’ve got some funds in your broker account, you can place a trade to buy UiPath stock.
If you have decided to use eToro, head to the broker’s website, look up UiPath’s ticker/stock symbol (PATH), and specify how many shares you want to buy. Then, select your preferred order type (market, limit, options) and place your order.
Note
Step 5: Monitor and manage your investment
Once you’ve bought your stocks, you will have to actively monitor the performance of your investment. Since the AI market is highly dynamic, with new solutions and developments being an everyday reality, you will have to keep an eye on the recent news in the sector.
Pay special attention to news related to UiPath and its partners, collaborators, leaders, and shareholders, as they have the potential to alter stock prices the most. Naturally, you ought to track stock prices themselves, too, if you want your trading strategy to remain flexible.
Note
Top 5 AI-related stocks to invest in
| Company | 2023 Q4 Market capitalization |
| Microsoft (NASDAQ: MSFT) | $2.77 trillion |
| Alphabet (NASDAQ: GOOG | $1.72 trillion |
| Nvidia (NASDAQ: NVDA) | $1.23 trillion |
| C3ai.Inc (NASDAQ: AI) | $3.87 billion |
| Upstart (NASDAQ: UPST) | $4.02 billion |
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy UiPath stock
Is UiPath publicly traded?
Yes, UiPath is a publicly traded company.
Can you buy UiPath stock?
Yes, UiPath is listed on the New York Stock Exchange. Therefore, you can invest in it on platforms such as eToro.
What is the UiPath stock name?
The UiPath stock name is PATH.
What is the UiPath stock price prediction for 2030?
The UiPath stock will reach $49.29 by 2030 on average if it continues with its average growth rate,
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
