Today's Morning Movers and Top Ratings: PATH, MRVL, BABA, ULTA and More

$UiPath(PATH.US)$ shares surged more than 14% after-hours today after the AI company reported better-than-expected results for the third quarter. EPS of $0.12 came in better than the consensus estimate of $0.07. Revenue grew 24% year-over-year to $326 million, beating the consensus estimate of $315.61M. Bank of America analysts raised the price target by $4 to $26 per share.

$Elastic(ESTC.US)$ shares jumped more than 18% pre-open Friday after the company reported Q2 results, with EPS of $0.37 coming in better than the consensus estimate of $0.24. Revenue grew 17% year-over-year to $311 million, beating the consensus estimate of $304.44M. Elastic Cloud revenue was $135M, representing an increase of 31% year-over-year.

$Ulta Beauty(ULTA.US)$ stock soared 11% after the cosmetics retailer raised the lower end of its annual net sales forecast and named Paula Oyibo its new chief financial officer.

$Alibaba(BABA.US)$ shares fell more than 1.3% in pre-market Friday trade after Morgan Stanley analysts downgraded shares to Equal Weight from Overweight with a price target cut by $20 to $90 per share.

$Dell Technologies(DELL.US)$ shares fell about 4% in pre-market trade after the company reported revenue of $22.3 billion (down 10% year-over-year), worse than the consensus estimate of $23.01B.

$Marvell Technology(MRVL.US)$ stock fell 4.8% after the chipmaker's fourth-quarter revenue forecast fell short of expectations, while also reporting declining third-quarter revenue.

$Tesla(TSLA.US)$ stock fell 2.2% after the electric-vehicle maker started deliveries of its Cybertruck electric pickup on Thursday, with a starting price of $60,990, above its original forecast.