Rubrik Inc (RBRK) PT Lowered to $110 at CIBC, but 'shares are positioned to rebound'

CIBC analyst Todd Coupland lowered the price target on Rubrik Inc (NYSE: RBRK) to $110.00 (from $130.00) while maintaining a Outperformer rating.

The analyst commented, "RBRK’s FQ4 results and Q1/F27 outlook came in ahead of FactSet (revenue ex material rights +5% vs. FactSet and Q1/F27 ex material rights +1% vs. FactSet). We see the print as further validation of the core thesis: durable revenue growth, record net new ARR, and better profitability/FCF. With the stock ~40% below its December 9 peak, we reiterate our positive view and believe the shares are positioned to rebound on the back of the FQ4 fundamentals and the F2027 outlook. We lower our price target to $110 (prior $130), based on 14x (prior 18x) EV/F2027E sales (primary) and 18x (prior 21x) EV/F2027E gross profit (secondary). This sits in line with direct peers trading at ~15x EV/C2026E sales and ~20x EV/C2026E gross profit (FactSet)."

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