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On Friday, Truist Securities analysts raised the price target for Rubrik Inc (NYSE:RBRK) stock to $110 from $90 while maintaining a Buy rating. Currently trading at $98.57, the stock has delivered an impressive 196% return over the past year and is approaching its 52-week high of $101.80. The decision follows Rubrik’s robust first-quarter results for fiscal year 2026, which surpassed the high end of the company’s guidance across all key metrics, including revenue, annual recurring revenue (ARR) contribution margin, and earnings per share (EPS). According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Rubrik’s performance prompted the company to increase its guidance for growth and profitability for the full fiscal year 2026. With a strong gross margin of 76.45% and revenue growth of 43.89% over the last twelve months, analysts highlighted that data security remains a significant growth driver for Rubrik, aiding the company in capturing market share and expanding its reach among enterprise customers. InvestingPro subscribers can access 10+ additional insights about Rubrik’s financial health and growth prospects.
The introduction of new identity security solutions is also gaining traction, according to Truist Securities. Rubrik is noted for its unique position in the market as the sole vendor offering both cyber resiliency and data security posture management, which is expected to further strengthen its market presence.
The analysts at Truist Securities expressed confidence in Rubrik’s strategic direction and revised their estimates upward, reiterating their Buy rating. They believe the company’s continued focus on data security and innovative solutions positions it well for future growth.
In other recent news, Rubrik Inc has shown impressive financial performance, leading several analyst firms to raise their price targets for the company. KeyBanc analysts increased their target to $113 following Rubrik’s strong first fiscal quarter results, which exceeded both top- and bottom-line expectations. The company reported a notable $33 million beat in annual recurring revenue (ARR) for the quarter, with a year-over-year increase in DSPM ARR exceeding 300%. Rosenblatt analysts also raised their price target to $110, highlighting a 49% increase in top-line growth and a 54% surge in subscription revenue. Rubrik’s total subscription ARR reached $1,180 million, marking a 38% increase from the previous year. Guggenheim analysts raised their target to $108, citing Rubrik’s 49% revenue growth and strong free cash flow performance. Piper Sandler analysts set a new target of $115, attributing the increase to Rubrik’s robust growth dynamics in cyber-resilience and ransomware. Mizuho (NYSE:MFG) analysts, while raising their target to $97, maintained a Neutral rating, noting Rubrik’s significant 38% growth in subscription ARR and its strong focus on data protection. These developments underscore the positive outlook from analysts regarding Rubrik’s financial health and market position.
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