Are Recent IPO Stocks UiPath and DoubleVerify Buys?
Tech companies UiPath (NYSE: PATH) and DoubleVerify Holdings (NYSE: DV) both recently made their public debuts to great success. Each raised hundreds of millions of dollars in fresh cash that will be put to use in their fast-growing businesses.
However, the two tech stocks might be getting too hot to touch at the moment. Use some patience here before jumping all in on UiPath and DoubleVerify.
UiPath is a business automation company. It uses a type of AI software called robotic process automation (RPA) to help organizations complete tasks. UiPath's software-based bot workers can help take care of some of the day-to-day monotonous work humans have been tasked with in the digital era. Think of RPA as a type of virtual work assistant. If RPA sounds familiar, you may have heard about it from Appian, which made a small RPA acquisition in early 2020 to grow the scope of its low-code software development platform.
Source Fool.com
