On Dec 06, major Wall Street analysts update their ratings for $Rubrik (RBRK.US)$, with price targets ranging from $55 to $76.
Citi analyst Fatima Boolani maintains with a buy rating, and adjusts the target price from $48 to $75.
Barclays analyst Saket Kalia maintains with a buy rating, and adjusts the target price from $51 to $70.
Wells Fargo analyst Andrew Nowinski maintains with a buy rating, and adjusts the target price from $40 to $76.
Baird analyst Shrenik Kothari maintains with a buy rating, and maintains the target price at $55.
KeyBanc analyst Eric Heath maintains with a buy rating, and adjusts the target price from $57 to $75.
Furthermore, according to the comprehensive report, the opinions of $Rubrik (RBRK.US)$'s main analysts recently are as follows:
Rubrik delivered an exceptional Q3 report, characterized by commendable performance throughout the organization. There's widespread momentum within the company, and numerous avenues remain for enhancing margins. This robust scenario reinforces the confidence in a strong fiscal year guidance.
Rubrik has reported an enhancement in subscription annual recurring revenue, primarily propelled by a significant increase in cloud ARR. This growth is crucial as it is expected to drive a greater contribution to ARR, potentially leading to a breakeven financial position in the coming year.
The company surpassed fiscal Q3 consensus estimates significantly and indicated an upward adjustment to the Q4 guidance. This performance displays a company exhibiting uncommon business momentum that should sustain uncommon growth for the foreseeable future.
Rubrik delivered an exceptional Q3 performance, surpassing the $1B Annual Recurring Revenue milestone, which was driven by strong adoption of Rubrik Security Cloud.
Rubrik demonstrated further robust performance in its quarterly results, surpassing expectations on annual recurring revenue and margins. Analysts maintain a positive outlook on Rubrik's dominance in backup and recovery and its growing data security platform. There is substantial opportunity for market share gains in the $11B backup and recovery industry, particularly through its unique emphasis on cyber resilience. Additionally, the rising frequency and intensity of ransomware attacks are prompting enterprises to transition away from older solutions that hold over 40% of the market share.
Here are the latest investment ratings and price targets for $Rubrik (RBRK.US)$ from 8 analysts:
Note:
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