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Wedbush Assumes Rubrik at Outperform, Announces Price Target of $120
Wedbush analyst Steven Wahrhaftig assumes Rubrik (NYSE:RBRK) with a Outperform rating and announces Price Target of $120.
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Baird Maintains Outperform on Rubrik, Raises Price Target to $139
Baird analyst Shrenik Kothari maintains Rubrik (NYSE:RBRK) with a Outperform and raises the price target from $130 to $139.
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Why Shares of Rubrik Stock Rallied This Week
Rubrik stock surged 21% this week as cybersecurity concerns intensify amid growing fears of AI-powered hacking threats. The company's subscription-based backup protection service is seeing increased enterprise demand, with ARR growing 33% year-over-year to $1.66 billion and gross margins near 80%. However, the stock now trades at a P/S ratio of 13.7, appearing expensive despite strong growth prospects.