UiPath Inc. (NYSE:PATH) saw a 7.52% increase in share prices on Wednesday, closing at $17.16 apiece after being added to the S&P MidCap 400 index. This inclusion is expected to boost the company’s exposure to institutional and foreign investors, potentially leading to further growth opportunities.

In the third quarter of fiscal year 2026, UiPath swung to a net income of $198.8 million from a net loss of $10.6 million in the same period last year. Revenues also rose by 15.9% to $411 million from $354.6 million, with annual recurring revenues (ARR) reaching $1.782 billion. The company is aiming for revenues between $462 million and $467 million, and ARR of $1.844 billion to $1.849 billion in the future.

Overall, UiPath (PATH) is showing positive growth potential with its recent financial performance and inclusion in the S&P MidCap 400 index. However, investors should consider other AI stocks that may offer even greater returns and less downside risk. For more information on promising AI stocks, check out Insider Monkey’s free report on the best short-term AI stock.

Read more at Yahoo Finance: UiPath (PATH) Grows 7.5% on S&P MidCap 400 Inclusion