Jul. 14 at 8:35 PM
$PATH main worry is ai agents grow to render rpa useless before PATH can capture new customers and grow ARR. Need to see ARR growth reaccelerate from 11-12 currently towards 14-15 and beyond. Tough landscape. MSFT, NOW are main competitors but there is also Automation Anywhere, PEGA, etc. RPA expected to grow to 100 billion dollars by 2030, currently at 27-35 billion (Precedence Research). Buybacks are helping but 53 million dollars of SBC is too high. Need to continue to cut that down. Profitability is increasing and fast. Faster than revenue growth lol. They are entering "mature software company" territory but again, WE NEED GROWTH. NRR at 109 good but not enough. Need to see that healthily back above 110% towards 120%. Without these things we will be stuck trading between 9 and 15 for a while and it will get even more frustrating than it already has been. Only time will tell but the main reason I make this post is to not get too hopeful just cause we've had some high volume.
