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Investing.com - BMO Capital has reiterated an Outperform rating on Rubrik Inc (NYSE:RBRK) with a price target of $110.00 following the company’s quarterly results. The stock, currently trading at $87.66, has shown remarkable momentum with a 212% return over the past year and is trading near its 52-week high of $103.
Rubrik reported net new subscription annual recurring revenue (ARR) of $71 million, significantly exceeding the consensus estimate of $44 million, demonstrating strong performance across all metrics.
In response to the strong results, Rubrik’s management raised its fiscal year 2026 ARR guidance by approximately the same amount as the quarterly beat, which BMO Capital described as "solid" execution.
BMO Capital has increased its key estimates for Rubrik, notably raising its FY26 free cash flow (FCF) margin estimate from 6% to approximately 12%.
The firm maintained its positive outlook on Rubrik, citing the company’s continued strong execution in a large market with an expanding portfolio.
In other recent news, Rubrik Inc has reported strong financial results for its second quarter, capturing the attention of several analyst firms. The company achieved a 51% growth in revenue, surpassing Rosenblatt’s estimates by 9%, driven by a 55% increase in Cyber Resilience platform subscription revenue. Rubrik’s annual recurring revenue (ARR) also impressed, with a $1.25 billion figure marking a 36% year-over-year increase, exceeding Wall Street’s expectations. Analysts have responded positively, with Piper Sandler, KeyBanc, and Cantor Fitzgerald all reiterating their Overweight ratings, highlighting Rubrik’s robust performance and growth prospects. KeyBanc raised its price target to $117, while Rosenblatt adjusted its target to $115, acknowledging the company’s strong earnings. Despite this, Mizuho maintained a Neutral rating with a $97 price target, even as it noted the company’s impressive quarterly results. These developments underscore Rubrik’s strong market position and the confidence it has garnered from multiple analyst firms.
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