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Investing.com - FBN Securities has raised its price target on Rubrik Inc (NYSE:RBRK) to $115 from $100 while maintaining an Outperform rating on the cybersecurity company’s stock. The stock, currently trading at $83.98, has shown impressive momentum with a 212% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The price target increase follows Rubrik’s strong fiscal second-quarter results, which showed revenue growth of 51% year-over-year, exceeding consensus estimates by 10%.
FBN Securities noted that Rubrik’s subscription annual recurring revenue (ARR) grew by 36% year-over-year and came in 2% above consensus expectations.
The company’s non-GAAP subscription margin reached 9.4%, representing a significant improvement of 17.6 percentage points compared to the same period last year.
This margin performance exceeded the high end of Rubrik’s guidance by 3.9 percentage points, further supporting FBN Securities’ bullish outlook on the stock.
In other recent news, Rubrik Inc. has reported impressive second-quarter fiscal 2026 results, surpassing guidance across all metrics, including revenue, annual recurring revenue (ARR), contribution margin, and earnings per share. Truist Securities has reiterated its Buy rating with a price target of $110, acknowledging the company’s strong performance. Similarly, BMO Capital maintained an Outperform rating with the same price target, highlighting Rubrik’s net new subscription ARR of $71 million, which significantly exceeded the consensus estimate of $44 million. Piper Sandler also reiterated an Overweight rating and set a price target of $115, noting the company’s robust growth despite impacts from subscription credits and renewals.
Further supporting the positive sentiment, KeyBanc raised its price target to $117 from $113, maintaining an Overweight rating, and recognized Rubrik’s solid ARR beat of $27 million, albeit slightly below previous quarters. Rosenblatt also increased its price target to $115 from $110, maintaining a Buy rating, and highlighted Rubrik’s 51% top-line growth, driven by a 55% year-over-year increase in Cyber Resilience platform subscription revenue. These developments underscore a strong quarter for Rubrik, with analysts generally maintaining or increasing their positive outlook on the company’s performance.
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