In this article, we will discuss the 7 Best IPO Tech Stocks to Buy Right Now.
On March 24, Interactive Brokers’ chief strategist Steve Sosnick joined CNBC’s ‘The Exchange’ to discuss where investors were most excited. The market was then down only 5% or less since the start of the year. When asked about market internals, Sosnick explained that there is still an underlying bid and an undercurrent of fear-of-missing-out, as investors remain eager to participate in any potential rally. He attributed this partly to the fact that the oil situation is not as dire as previously feared. Sosnick mentioned that risk managers had long modeled a closure of the Strait of Hormuz, gaming out scenarios with oil at $150 to $200 a barrel and a minimum 10% correction in the S&P 500, neither of which has occurred yet.
As for the psychological dynamic of the market, investors have become convinced that every dip is a buying opportunity and that presidential actions can eventually be undone. Regarding specific market activity, Sosnick noted that while some investors seek new companies, such as a drone AI defense firm that saw an 11x increase in two days, most activity remains focused on aggressive dip buying. He suggested that investors are conditioned to buy the dip because those who did not buy during previous downturns missed out. He referenced the Trump-put, suggesting that the strike price (the level at which the president intervenes to support the market) was recently revealed to be either 6,500 on the S&P 500 or 445 on the 10-year Treasury. Sosnick noted that the president’s recent statements served to establish this floor, particularly because the president, coming from a real estate background, is highly sensitive to borrowing costs.
Our Methodology
We used screeners to identify tech stocks that have gone public in the last 5 years, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on April 1.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
7 Best IPO Tech Stocks to Buy Right Now
7. UiPath Inc. (NYSE:PATH)
UiPath Inc. (NYSE:PATH) is one of the best IPO tech stocks to buy right now. On March 25, UiPath announced that Raghu Malpani will take on an expanded leadership role as Chief Product and Technology Officer. In this capacity, Malpani will oversee the company’s product and engineering teams while continuing to report directly to CEO and Executive Chairman Daniel Dines. Malpani originally joined the organization as Chief Technology Officer in May 2024.
Before his tenure at UiPath, Malpani held several high-level positions at Microsoft, where he worked on the Microsoft 365 Application and Data Platform, Copilot semantic index platform, and various Azure cloud offerings. He also previously led the global Decisions Platform team at Meta. His background in building high-performing global teams is expected to help UiPath Inc. (NYSE:PATH) tackle complex challenges in enterprise software and drive the development of its core platform.
CEO Daniel Dines noted that Malpani’s builder’s mindset has been instrumental in advancing the company’s focus on orchestration, automation, and AI. Malpani expressed his commitment to creating a platform where agents, robots, and people work together with the reliability and governance that customers expect. This leadership change aims to align the company’s product roadmap with the transformation goals of its clients during a pivotal moment for deterministic automation.
UiPath Inc. (NYSE:PATH) is a software infrastructure company that provides a range of robotic process automation/RPA solutions. The company’s primary offering includes its UiPath platform.
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