Healthcare Organizations Turn to Rubrik for Cyber Resilience as Company Hosts its First Industry Summit

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Rubrik Inc (RBRK) PT Raised to $48 at Citi

September 10, 2024 7:24 AM EDT

Citi analyst Fatima Boolani raised the price target on Rubrik Inc (NYSE: RBRK) to $48.00 (from $47.00) while maintaining a Buy rating.

The analyst comments "Continued execution focus against flagship cyber resilience message delivered Subs ARR 40% YoY, ~5pts ahead, with Cloud nicely... More

Rubrik Inc (RBRK) PT Lowered to $40 at Wells Fargo

September 10, 2024 5:43 AM EDT

Wells Fargo analyst Andrew Nowinski lowered the price target on Rubrik Inc (NYSE: RBRK) to $40.00 (from $42.00) while maintaining a Overweight rating.

The analyst comments "Shares traded down 6% AMC, though the company outperformed guidance and expectations across all metrics. They continue to make... More

Goldman Sachs Reiterates Buy Rating on Rubrik Inc (RBRK)

September 10, 2024 5:18 AM EDT

Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $48.00 price target on Rubrik Inc (NYSE: RBRK).

The analyst comments "We reiterate our Buy rating and our Price Target of $48 following Rubrik's strong F2Q results that saw Subscription ARR come in +3% above Consensus, Cloud ARR and Revenue +5% above, while Contribution Margin outperformed by ~500 bps and FCFM by 21pp. The stock is indicated -6% AH,... More

Guggenheim Reiterates Buy Rating on Rubrik Inc (RBRK)

September 10, 2024 5:14 AM EDT

Guggenheim analyst John DiFucci reiterated a Buy rating and $48.00 price target on Rubrik Inc (NYSE: RBRK).

The analyst comments "Rubrik significantly outperformed on all key metrics, underscoring its position as the fastest growing company within our enterprise software coverage, coupled with notable progress towards positive FCF, which we expect next year. Cloud ARR grew 80% to $678M, about 7% above consensus and drove Subscription ARR of $887M, up 40% y/y and 3.5% above consensus. Full-year guidance was raised by more than the F2Q... More

Cantor Fitzgerald Reiterates Overweight Rating on Rubrik Inc (RBRK)

September 10, 2024 5:08 AM EDT

Cantor Fitzgerald analyst Yi Fu Lee reiterated an Overweight rating and $50.00 price target on Rubrik Inc (NYSE: RBRK).

The analyst comments "We reiterate our Overweight rating and maintain our 12-month price target at $50 post beat-&-raise F2Q25. Rubrik delivered on back-to-back quarters of upbeat results, with F2Q25 revenue exceeding FactSet consensus by 4.5%, subscription annual recurring... More