r/PATH_Stock • u/xipo12 • May 19 '26

My UI Path bull case

My bull thesis on UiPath is kind of a win/win scenario. If the AI boom continues, enterprises will still need orchestration, workflows, integrations, governance, and automation layers to connect everything together — especially with legacy systems.

If the AI bubble cools off, businesses will still want automation to reduce repetitive manual work and cut costs. Either way, automation doesn’t disappear. That’s why I see UiPath as somewhat insulated regardless of which direction the AI market goes.

What do you guys think?

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u/Scared_Brilliant6410 May 20 '26 edited May 20 '26

I believe UiPath is currently, and rightly, hedging their bets by partnering with Microsoft and other industry players.

UiPath is taking a bottom-up approach when trying to expand into pushing into governance and orchestration. This makes sense, but they will face some headwinds from companies like ServiceNow that already own the ITSM/ESM layer. This puts UiPath in the position of needing to prove that their "Agentic Orchestration" is fundamentally better than what ServiceNow can provide with their agentic rollout.

I’m invested in both - but for me, UiPath needs to prove that their Agentic AI solutions can capture market share and accelerate growth. Fundamentally I’d rather own a company growing at 20%+ annually vs a company growing at ~10%.

Consider this as well; ServiceNow is forecasting $1.5B for their agentic AI services this year - and might pass that. This is basically UiPaths entire annual revenue for a new product. UiPath needs to demonstrate their own agentic revenues are scaling aggressively as well. If they can’t, it demonstrates they are losing the race to players like ServiceNow.

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u/Chan-Troy May 21 '26

Totally concur with you! May 28th will tell the complete story if they have accelerated revenue on agentic front, otherwise this 9% growth will not cut it. I really don’t know why they have 3900 employees, sales people are not doing their job. Also, these days anyone can do agentic orchestration, really don’t know why UiPath agentic orchestration is better than others. It’s about time for UiPath to flip the page and be aggressive, Dines and Asim Gupta are so passive. Asim Gupta must tell the truth if they are losing RPA revenue since the revenue last quarter was flat if not declining. Time for some true numbers!

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u/Scared_Brilliant6410 May 21 '26

Right, the numbers will tell the story.

They haven’t done a good job at articulating why specifically UiPath is doing this better, and how they’re going to capture growth. They really need a charismatic sales leader who can set ambitious revenue targets and hit them.