Economic ChallengesConcerns about inflation and interest rates suggest that long duration cash flow assets, such as UiPath, will face challenges in multiple expansion.
Growth ChallengesDespite improvements, net-new ARR continues to decline year-over-year, indicating challenges in sustaining growth momentum.
Market CompetitionAutomation and specifically agentic orchestration will be a highly competitive market with vendors such as IBM and NOW releasing orchestration tools, and thus it is too early to declare PATH a winner or even leader in this segment.