We recently published 10 Stocks Lighting Up Market Ahead of Christmas.UiPath Inc. (NYSE:PATH) is one of the best performers on Wednesday.
UiPath saw its share prices jump by 7.52 percent on Wednesday to close at $17.16 apiece as investor sentiment was bolstered by its inclusion in the S&P MidCap 400 index.
Companies added to benchmark indexes typically gain a boost as funds tracking the index would have to rebalance their portfolios to mirror its recomposition.
Additionally, being included in indexes would help amplify its exposure to institutional and foreign investors.
UiPath Inc. (NYSE:PATH) is a company engaged in Agentic automation.
In the third quarter of fiscal year 2026, it swung to a net income of $198.8 million from a $10.6 million net loss in the same period last year.
Revenues increased by 15.9 percent to $411 million from $354.6 million year-on-year, while annual recurring revenues (ARR) ended at $1.782 billion.
Looking ahead, the company is targeting revenues between $462 million and $467 million, as well as ARR of $1.844 billion to $1.849 billion.
While we acknowledge the potential of PATH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
