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On Friday, BMO Capital analysts raised the price target for Rubrik Inc stock to $110 from $77, while maintaining an Outperform rating. The analysts highlighted Rubrik’s strong quarterly performance, with net new annual recurring revenue (ARR) reaching $89 million, surpassing their estimate of $63 million. According to InvestingPro data, the stock is currently trading near its 52-week high of $101.80, having delivered an impressive 196% return over the past year.
Rubrik’s management also increased its fiscal year 2026 ARR guidance by more than the recent quarterly beat, positioning the company uniquely among BMO Capital’s coverage this quarter. The analysts noted Rubrik’s large total addressable market and expanding portfolio as key factors in their decision to raise the price target. The company has demonstrated strong momentum with revenue growth of 44% in the last twelve months, though it remains unprofitable with significant ongoing investments in growth.
The analysts acknowledged the potential for some stock consolidation in the near term due to year-to-date performance. However, they expressed confidence in Rubrik’s ability to execute effectively, which they believe justifies a premium valuation compared to other high-growth software companies.
Rubrik Inc, listed on the New York Stock Exchange under the ticker RBRK, continues to attract attention from investors following the positive assessment by BMO Capital. The firm’s analysis reflects optimism about Rubrik’s future prospects in the software industry.
In other recent news, Rubrik Inc has reported strong financial results for its first fiscal quarter, exceeding both top- and bottom-line expectations. The company saw a 7% increase in revenue compared to consensus estimates, with Subscription Annual Recurring Revenue (ARR) rising by 2%. Additionally, Rubrik’s Cloud ARR grew by 60%. Following these results, the company has raised its financial guidance for fiscal year 2026. Analysts have responded positively, with firms like Goldman Sachs, Truist Securities, Piper Sandler, KeyBanc, and Guggenheim all raising their price targets for Rubrik stock, highlighting the company’s impressive performance and growth potential.
Goldman Sachs increased their price target to $117, citing improvements in contribution margin and product scope expansion. Truist Securities set a new target of $110, noting Rubrik’s unique market position in cyber resiliency and data security posture management. Piper Sandler raised their target to $115, attributing growth to Rubrik’s strategies in cyber-resilience and ransomware. KeyBanc analysts increased their target to $113, emphasizing Rubrik’s strong ARR growth and potential in identity resilience. Lastly, Guggenheim set a target of $108, acknowledging Rubrik’s robust revenue growth and efficient scaling capabilities. These developments reflect Rubrik’s continued focus on data security and innovative solutions, positioning the company well for future growth.
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