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Why UiPath Stock Soared Today

TheMotleyFool

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Why UiPath Stock Soared TodayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Shares of UiPath (NYSE: PATH) were surging today after the digital automation specialist posted better-than-expected results in its third-quarter earnings report.

The cloud software company beat estimates on both the top and bottom lines and posted guidance in line with expectations, assuaging earlier fears about a slowdown in growth.

As a result, the stock closed up 26.7% on the news.

Source Fool.com

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