This year has not been kind to tech stocks, but savvy investors can find excellent companies with depressed share prices. One such stock near its 52-week low of $14.73 is advertising tech firm PubMatic (NASDAQ: PUBM).

PubMatic's business has been successful, growing in both revenue and customers, but its stock is among the casualties of this year's tech sector decline. Shares are down over 60% from PubMatic's 52-week high of $43.65 in November, and are even below its IPO price of $20.

Yet PubMatic benefits from growth in digital advertising. Forecasts predict the U.S. advertising industry will see digital ad spending climb from $211 billion last year to $315 billion by 2025. 

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Source Fool.com