When in a window showing the results of your search in Finder, the info in one of the other answers, the ⌘-Click, is not applicable as the title of the window, e.g, Searching "This Mac" is static, that is until you go into a found folder; however, there is the Path Bar that shows on the bottom edge of the window.
Note: When in window showing the results of your search in Finder and you select a found item, I believe the Path Bar automatically shows; however if not, it can be enabled from the View menu in Finder, i.e., Show Path Bar or press ⌥⌘P when in a normal Finder window, not a search results window.
You can also double-click any folder shown in the Path Bar to go into that folder, or right-click it for more options as shown in the image below: