Like Coinbase, Riskified, or many hot 2021 IPOs, UiPath (NYSE: PATH) has fallen from grace since its initial public offering in April. Here's why the company remains at the top of my watch list, despite the stock's poor performance since UiPath went public. When UiPath stock first hit its all-time high in late May, the automation company had become one of the hottest new IPOs to hit the markets in 2021, reaching a market capitalization of nearly $45 billion.
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