10 Best Mid Cap AI Stocks to Buy Now

6. UiPath Inc. (NYSE:PATH)

Market Cap as of March 27: $6.04 billion

Number of Hedge Fund Holders: 40

UiPath Inc. (NYSE:PATH) offers an end-to-end automation platform that provides a range of robotic process automation (RPA) solutions. The company uses AI in a bid to enhance automation capabilities, making it more efficient and smarter. Canaccord Genuity analyst Kingsley Crane has maintained the bullish stance on the company’s stock, providing a “Buy” rating on March 13. The rating was backed by factors demonstrating UiPath Inc. (NYSE:PATH)’s strategic positioning and growth potential. Its recent advancements in agentic automation highlight the competitive capabilities that can complement existing RPA deployments, says the analyst.

UiPath Inc. (NYSE:PATH)’s established reputation as a trusted automation partner, because of its healthy governance and compliance features, strengthens its appeal in the evolving landscape of AI and workflow automation. The analyst sees UiPath Inc. (NYSE:PATH) as a durable software asset that has orchestration capabilities between AI models, automation tools, and human workflows, providing a promising path for future value creation. The company announced the acquisition of Peak AI Limited, an AI-native agentic application company. When combined with the UiPath Platform™, Peak represents the introduction of UiPath Inc. (NYSE:PATH)’s first vertically specialized agents, which are optimized around industry-specific use cases, providing incredible time-to-value and bigger outcomes.