Rubrik (RBRK) Reiterated at Overweight by Cantor Fitzgerald on Strong Q1 Beat

Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating and $95.00 price target on Rubrik Inc (NYSE: RBRK).

The analyst commented, "Revenue beat consensus by 5.7%, below recent quarters but in line with expectations given the lower contribution from material rights and the typical moderation in beat magnitude as the company matures as a public business. ARR beat consensus by 1.1%, also below recent trends. NNARR of $103M was well above consensus of $85.5M, driving 32% subscription ARR growth. Management raised FY27 subscription ARR guidance, with the full-year raise at ~2x the Q1 beat, leaving room for upside as Identity and Agent Cloud scale. Identity Resilience grew 38% sequentially to >$50M in subscription ARR in F1Q and is expanding Rubrik's buyer from CIO/CTO into CISO budgets. We also highlight SBC held ~flat y/y in dollar terms at ~$73M while FCF more than doubled, compressing SBC to ~1x FCF from >2x a year earlier, which we believe reflects progress toward a more durable FCF floor."

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 $71.02 yesterday.

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