UiPath Inc. (NYSE:PATH) saw a 34.7% surge to reach a 19-month high following a strong Q3 earnings report for fiscal year 2026. The company reported a net income of $198.8 million, a significant increase from the previous year’s $10.6 million net loss. Revenues rose by 15.9% to $411 million, with annual recurring revenues at $1.782 billion. PATH’s stock price hit a 52-week high of $18.98 on Friday, marking its 6th consecutive day in positive territory. Chief Finance and Operating Officer Ashim Gupta expressed optimism, stating that the company exceeded guidance and achieved its first GAAP profitable third quarter. PATH is targeting revenues between $462 million and $467 million, with ARR of $1.844 billion to $1.849 billion. While PATH shows promise as an investment, other AI stocks may offer higher returns with less downside risk. For more insights, explore our report on the best short-term AI stock.

Read more at Yahoo Finance: UiPath (PATH) Climbs 35% to New Record High on Stellar Q3