Jim Cramer on UiPath (PATH): “It’s Still Too Expensive a Stock”

UiPath Inc. (NYSE:PATH) is one of the stocks Jim Cramer looked at recently. A caller asked for Cramer’s opinion on the stock, and he remarked:

You know, I have not liked UiPath because this whole idea about, you know, that there’s these things that, robotic things that will do, get rid of the humdrum and the prosaic, uh-uh. It just never struck me as something I wanted to be in. It’s finally got, making some money, but it’s still too expensive a stock.

UiPath Inc. (NYSE:PATH) provides an automation platform that uses robotic process automation and AI to help organizations automate repetitive tasks. A caller inquired about the stock in light of “good earnings and a nice pullback” during the January 16 episode and Cramer responded:

Yeah, I think it’s ready now. I think Dines is a very good CEO. I’ve waited and waited. You might have to wait a little bit longer, but I think the upside is what beckons there.

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Disclosure: None. This article is originally published at Insider Monkey.