Rubrik stock surges on Truist’s reaffirmed $90 price target

On Friday, Rubrik Inc (NYSE:RBRK) shares soared in after-hours trading, following a strong endorsement from Truist Securities. With a market capitalization of $10.24 billion, Rubrik has caught Wall Street’s attention. Analyst Joel Fishbein maintained a Buy rating on the company’s stock, alongside a steadfast $90.00 price target, aligning with the broader analyst consensus of Strong Buy. The analyst’s confidence is buoyed by Rubrik’s impressive fourth-quarter performance for the fiscal year 2025, which surpassed the upper limits of their guidance across several key metrics.

Rubrik’s robust quarterly results included better-than-expected annual recurring revenue (ARR), total revenue, ARR contribution margin, and free cash flow (FCF). The company has demonstrated impressive revenue growth of 33.22% over the last twelve months, maintaining a healthy gross margin of 69.22%. The company’s guidance for fiscal year 2026 also projects growth and profitability that eclipse market consensus. In response to these positive indicators, Truist Securities has adjusted their estimates upward. InvestingPro analysis reveals several more key metrics and insights available to subscribers, including detailed profitability forecasts and valuation metrics.

The analyst highlighted the importance of data security as a significant factor in Rubrik’s current success. The company’s ability to capture market share and grow its enterprise customer base is largely attributed to its unique position as the sole provider of both cyber resiliency and data security posture management solutions. This dual offering is seen as a key differentiator in the market.

Rubrik’s stock price reflects the positive reaction to the company’s financial achievements and future outlook. The stock has shown remarkable momentum with an 81.25% gain over the past six months, though InvestingPro Fair Value analysis suggests the stock may be trading above its intrinsic value. The nearly 17% increase in after-hours trading signals strong investor confidence following the announcement of the fiscal year 2026 guidance and the subsequent endorsement from Truist Securities. Discover comprehensive valuation analysis and 7 additional exclusive ProTips with an InvestingPro subscription.

In summary, Truist Securities’ reiteration of a Buy rating and a $90 price target on Rubrik stock underscores the company’s strong performance and promising future in the data security sector. The analyst’s remarks emphasize Rubrik’s successful fourth quarter in FY25 and its strategic positioning to continue capturing market share with its comprehensive security solutions. For a deeper understanding of Rubrik’s financial health and market position, access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Rubrik Inc. reported strong financial results for its fourth fiscal quarter, exceeding expectations in several key areas. The company achieved a Subscription Annual Recurring Revenue (ARR) of $1.093 billion, representing a 39% year-over-year increase, and a significant 53% surge in net new subscription ARR. Rubrik’s Cloud ARR also grew by an impressive 67%. Analysts have responded with mixed adjustments to their price targets. Piper Sandler raised its target to $87, citing Rubrik’s cloud transition and growth potential, while KeyBanc and Rosenblatt both set their targets at $82, acknowledging strong quarterly performance but adjusting for market factors. Mizuho (NYSE:MFG) reduced its target to $75, maintaining an Outperform rating due to Rubrik’s robust growth expectations. Cantor Fitzgerald, however, kept its target at $85, emphasizing Rubrik’s exceeding of consensus estimates and projecting substantial growth for fiscal year 2026. These developments highlight Rubrik’s solid position in the cloud data management sector and its potential for continued expansion.

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