To accelerate human achievement, that is UiPath‘s (NYSE: PATH) long-term purpose. But its stock achieved some form of acceleration too as it climbed 23% on its stock market debut day. The company, which sells software to automate repetitive office tasks, closed at US$69 on its first day as a listed entity, up from its initial public offering (IPO) price of US$56. What’s really the excitement behind this company? More importantly, is it worth owning UiPath shares over the long run? Let’s find out right now! TL;DR: Is It Worth Buying UiPath Shares? Here are some of UiPath’s investment merits: UiPath’s customers include 80% of the Fortune 10 and 63% of the Fortune Global 500 The company’s competitive advantage comes from its high switching cost and network effect UiPath has strong recurring revenue growth and its business is trending towards profitability The company has a high net retention rate...