Overview
- S&P Dow Jones Indices said UiPath will replace Synovus Financial in the S&P MidCap 400 before the market opens on Jan. 2, 2026, following Synovus’s planned acquisition by Pinnacle Financial Partners.
- UiPath shares jumped 7.5% Wednesday to close at $17.16, extending gains that began in after-hours trading when the inclusion was announced.
- Index additions often drive buying by funds that mirror the benchmark, increasing liquidity and visibility even though company fundamentals are unchanged by the move.
- Recent results showed a swing to GAAP profitability, Q3 revenue up 15.9% to $411 million, and ARR at $1.782 billion, with guidance calling for ARR of $1.844 billion to $1.849 billion.
- UiPath’s valuation stood near a $8.93 billion market cap and about 22 times forward earnings, with shares up roughly 30% year-to-date.