DA Davidson Starts Rubrik Inc (RBRK) at Buy

DA Davidson analyst Rudy Kessinger initiates coverage on Rubrik Inc (NYSE: RBRK) with a Buy rating and a price target of $65.00.

The analyst comments "Initiating coverage of Rubrik, Inc. (RBRK) w/ a BUY rating & $65 PT. The recent pullback makes for an attractive entry point in a high growth leader in a market that remains much healthier than the narrative would suggest. We also view RBRK as relatively better positioned for growth outside the core Backup & Recovery market, with strong traction already in DSPM & Identity Resilience. New AI Operations platform could be another meaningful growth driver as well. $65 PT = 6.5x EV/FY28 Rev or 33x EV/FY28 FCF vs. high growth peers at ~8x Rev or 27x FCF."

For an analyst ratings summary and ratings history on Rubrik Inc click here. For more ratings news on Rubrik Inc click here.

Shares of Rubrik Inc closed at $50.20 yesterday.

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