Guggenheim maintains Rubrik stock with $76 target following growth

Published 14/03/2025, 11:10
Guggenheim maintains Rubrik stock with $76 target following growth

On Friday, Guggenheim reaffirmed its positive stance on Rubrik Inc (NYSE:RBRK) shares, maintaining a Buy rating and a price target of $76.00. The endorsement comes as the company, currently valued at $10.24 billion, reported its fourth-quarter results for fiscal year 2025, showcasing substantial business momentum that outpaced other companies in Guggenheim’s coverage universe. According to InvestingPro data, analysts maintain a Strong Buy consensus with price targets ranging from $47 to $90, reflecting confidence in the company’s trajectory despite recent market volatility.

Rubrik’s New Subscription Annual Recurring Revenue (ARR) saw a significant increase of 52%, while its New Total (EPA:TTEF) ARR jumped by 66%. This impressive growth, complemented by a robust gross margin of 69.22% and projected revenue growth of 37% for fiscal year 2025 according to InvestingPro, is attributed to strategic decisions made years prior, particularly the company’s focus on security, positioning it as a leading vendor in modern-architected backup and recovery. The firm’s decision to invest in security at a time when it is a major consideration for customers is seen as a key driver of its top-line performance.

The company’s bottom line benefitted from the scale of renewals, which contributed to improved margins. Rubrik finished the fiscal year with a positive free cash flow (+$21.6 million, or 2.4%). The successful new business acquisition, coupled with the scale of highly profitable renewals, demonstrates the natural advantages of the software business model taking effect.

Guggenheim’s analysis indicates that Rubrik’s success is not necessarily a sign of an improved macroeconomic backdrop or a unique improvement within the backup and recovery space. Instead, the firm believes that companies emphasizing Cyber Resilience, like Rubrik, will continue to gain incremental traction. Rubrik is recognized as a leader in this area, and its performance is expected to persist relative to its prudent guidance.

In summary, Guggenheim’s reiteration of the Buy rating and $76 price target reflects confidence in Rubrik’s continued outperformance and its strategic positioning within the cybersecurity-focused backup and recovery market. While the stock has shown remarkable strength with an 81.25% gain over the past six months, InvestingPro analysis suggests the stock may be trading above its Fair Value. Discover more insights and 7 additional ProTips for Rubrik, along with comprehensive financial analysis, in the exclusive Pro Research Report available to InvestingPro subscribers.

In other recent news, Rubrik Inc. reported its fourth-quarter 2025 earnings, which exceeded Wall Street expectations. The company posted an earnings per share (EPS) of -$0.18, outperforming the forecasted -$0.38. Rubrik’s revenue also surpassed projections, reaching $258 million, marking a 47% increase year-over-year. The company’s subscription Annual Recurring Revenue (ARR) grew by 39%, totaling $1.093 billion. Analysts from Barclays (LON:BARC) and Goldman Sachs have shown interest in Rubrik’s strategic focus on cyber resilience and data security, particularly in relation to its partnership with Microsoft (NASDAQ:MSFT). The company’s strong market demand for data security and AI initiatives has been a significant driver of its performance. Looking ahead, Rubrik anticipates its subscription ARR to grow by 24% in fiscal year 2026, with projected total revenue between $1.145 billion and $1.161 billion. The company also expects to maintain a strong free cash flow, emphasizing its focus on sustainable growth and operational efficiency.

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