13 Best Artificial Intelligence Stocks Under $50 to Buy Now

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6. UiPath Inc. (NYSE:PATH)

Share Price as of May 12: $12.50

Number of Hedge Fund Holders: 40

UiPath Inc. (NYSE:PATH) provides an end-to-end automation platform that offers robotic process automation solutions. The company’s platform’s embedded AI, ML, and NLP capabilities improve decision-making and information processing. It allows users to design and combine UI automations, API integrations, and AI-based document understanding in a single workflow.

Throughout FY2025, the company delivered AI-powered products/capabilities, such as Agent Builder, Agentic Orchestration, and the AI Trust Layer. The adoption of UiPath’s AI capabilities is driving a shift towards its cloud offerings. Cloud ARR grew by over 50% year-over-year and reached over $975 million by the end of the fiscal year. The company’s Major customers are migrating their automation programs to the cloud to accelerate the adoption of AI products.

The company’s AI product adoption is strong, as 85% of customers with greater than $1 million in ARR are utilizing its AI-powered offerings. For instance, a European security company expanded its use of the UiPath platform and started using AI for automating email routing and document attachments. The security company now projects net annual savings of $30 million by 2030.

On April 15, Mizuho lowered the price target on UiPath to $11 from $12, while maintaining a Neutral rating as part of a Q1 preview for the software sector.

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