On Dec 07, major Wall Street analysts update their ratings for $Rubrik (RBRK.US)$, with price targets ranging from $72 to $76.
Wells Fargo analyst Andrew Nowinski maintains with a buy rating, and maintains the target price at $76.
Guggenheim analyst John Difucci maintains with a buy rating, and adjusts the target price from $52 to $72.
BMO Capital analyst Keith Bachman maintains with a buy rating, and adjusts the target price from $38 to $72.
Piper Sandler analyst James Fish maintains with a buy rating, and adjusts the target price from $42 to $72.
Truist Financial analyst Joel Fishbein maintains with a buy rating, and adjusts the target price from $50 to $75.
Furthermore, according to the comprehensive report, the opinions of $Rubrik (RBRK.US)$'s main analysts recently are as follows:
Rubrik delivered an exceptionally strong performance across all areas in its Q3 report. The company is experiencing widespread momentum and has numerous opportunities to further improve margins. There are several indicators reinforcing confidence in the robust guidance provided for the fiscal year.
The company reported an increase in subscription annual recurring revenue, significantly bolstered by a rise in cloud ARR. This trend is critical as it contributes more positively towards achieving a breakeven point by next year.
Rubrik demonstrated an impressive performance in the October quarter amidst varied results in the software sector, exceeding annual recurring revenue growth expectations by approximately four points. The company's organic demand continues to be robust, with management enhancing all FY25 guidance metrics, most of which have risen beyond the recent quarter's outperformance.
Rubrik recently delivered another solid financial quarter as its subscription annual recurring revenue exceeded the $1B milestone. The company is also showing enhanced operating leverage, which is evident as its subscription contribution margin is anticipated to reach breakeven or better by fiscal 2026. The data protection market is seen to be at a turning point, partly propelled by advancements in generative artificial intelligence, which is expected to sustain this robust growth and improving operating leverage.
Rubrik's recent quarterly results surpassed fiscal Q3 consensus estimates and demonstrated an upward revision in implied Q4 guidance. This performance indicates a business that is maintaining a rare momentum, projected to continue driving uncommon growth for a significant period ahead.
Here are the latest investment ratings and price targets for $Rubrik (RBRK.US)$ from 5 analysts:
Note:
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