35 Trending AI Stocks on Latest News and Analyst Ratings

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25. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 29

UiPath Inc. (NYSE:PATH) provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. Daniel Dines, the CEO of the firm, said during the second quarter earnings call earlier this month that the firm exceeded the high end of guidance across all key financial metrics in the second quarter, a testament to improved execution and the compelling value that AI-powered automation platform delivered to customers. Dines detailed that his company ended the quarter with ARR of $1.551 billion, an increase of 19%, driven by net new ARR of $43 million. Second-quarter revenue was $360 million, and the company delivered non-GAAP adjusted free cash flow of $49 million.

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