On September 4, UiPath rose 10.31% in after-hours trading, trading at approximately $20.04 per share, with turnover of $21.76 million. The rally was driven by better-than-expected second fiscal quarter results released after the close, combined with a significant price target upgrade from UBS.

UiPath reported Q2 adjusted earnings per share of $0.15, in line with analyst consensus, while quarterly revenue came in at $410.26 million, comfortably beating the Street estimate of $397.95 million. The top-line beat extended the company's streak of double-digit revenue growth, following Q1 sales of $418.38 million which also exceeded expectations. Gross margin in the prior quarter stood at 81.63%, underscoring the strength of its subscription-driven business model.

Ahead of the report, UBS had raised its price target on UiPath from $12 to $19, maintaining a neutral rating, reflecting growing institutional confidence in the company's AI-driven business momentum. The company has been actively expanding its agentic AI capabilities, including collaborations with Deloitte for AI-led software testing and the launch of its document processing tool on Google Cloud Marketplace powered by Gemini.

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