KeyBanc analyst Eric Heath maintains $Rubrik (RBRK.US)$ with a buy rating, and adjusts the target price from $48 to $57.
According to TipRanks data, the analyst has a success rate of 83.0% and a total average return of 20.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rubrik (RBRK.US)$'s main analysts recently are as follows:
The shared setup for Rubrik is perceived as 'solid' due to positive indications from resellers and industry commentary, coupled with an improving annual recurring revenue contribution margin. It is anticipated that Rubrik will continue on its trajectory towards achieving breakeven.
Despite modest third-quarter security earnings, expectations remain elevated for October security reporters given their robust stock performance. Feedback indicates a positive outlook on catalysts from the Digital Operational Resilience Act, which is enhancing focus on backup and recovery solutions among global and European financial services clients.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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