UiPath is rapidly emerging as a leader in agentic AI, a technology that enables computer programs and robots to operate autonomously with limited human oversight. The company has a large and diverse customer base, and those customers are increasing their spending with it.
As of the end of its most recent fiscal quarter, UiPath had nearly 10,900 customers. More than 2,500 of them provide annualized renewal run rates of at least $100,000. In its fiscal 2026 third quarter, which ended on October 31, annualized renewal run rates increased by 11% year over year, while sales rose by 16%.
The company's client and partner roster includes notable names such as Alphabet, Microsoft, and OpenAI. UiPath's market capitalization was $8.2 billion as of Thursday, following a 14% gain over the past year. Earlier this month, the stock was significantly higher before a volatile dip, which appeared to have been triggered by the market taking note of the CEO's sales of the stock.
UiPath is establishing a position of dominance in robotic process automation, where software-based robots automate mundane tasks traditionally performed by humans, including data entry, file sorting, and transaction processing. Only time will tell whether UiPath can ascend to large- or megacap territory.
The Motley Fool Stock Advisor analyst team recently identified what they believe are the 10 best stocks for investors to buy now, and UiPath was not one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor's total average return is 952%, compared to 195% for the S&P 500.