Barclays analyst Saket Kalia maintains $Rubrik (RBRK.US)$ with a buy rating, and adjusts the target price from $42 to $51.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 14.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rubrik (RBRK.US)$'s main analysts recently are as follows:
The financial outlook for Rubrik appears solid as viewed by industry data points and comments from resellers, alongside an improving annual recurring revenue contribution margin. Rubrik is anticipated to maintain its trajectory towards breakeven.
The alteration in price assessment is attributable to less conservative expectations. It is projected that Rubrik is positioned to exceed the consensus forecasts for total revenue and subscription ARR in its fiscal Q3, and it might increase its full-year projections for these metrics by at least the quarterly advantage.
Note:
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