UiPath (NYSE:PATH) shares climbed 6.20% on Friday. The stock closed the trading session at $10.27. This rally marks the second consecutive day of gains for the company.
Investors are positioning ahead of the first-quarter fiscal 2027 earnings report scheduled for May 28. Market sentiment suggests confidence that the company will meet its previously issued financial targets.
UiPath forecasted quarterly revenue between $395 million and $400 million. The company also projected annual recurring revenue (ARR) growth of 11.87% to 12.17%.