Truist Securities reiterates Buy rating on Rubrik stock with $110 price target

Investing.com - Truist Securities has reiterated its Buy rating on Rubrik Inc (NYSE:RBRK) with a price target of $110.00, following the company’s strong second-quarter fiscal 2026 performance. The stock has demonstrated remarkable momentum, surging over 211% in the past year and currently trading at $86.04. According to InvestingPro data, analyst targets range from $97 to $125, suggesting further upside potential.

The cybersecurity firm reported results that exceeded the high end of guidance across all metrics, including revenue, annual recurring revenue (ARR), contribution margin, and earnings per share. The company maintains impressive gross profit margins of 78% and has achieved robust revenue growth of 48% over the last twelve months.

Rubrik has subsequently raised its full-year fiscal 2026 guidance for both growth and profitability metrics, signaling confidence in its business trajectory.

Truist Securities identified new workloads and security cross-sell opportunities as key growth drivers helping Rubrik gain market share and expand relationships with enterprise customers.

The firm views Rubrik as well-positioned in the market, noting it stands as "the only vendor offering both cyber resiliency and data security posture management."

In other recent news, Rubrik Inc. reported notable financial results, highlighting its strong performance in the latest quarter. The company achieved a net new subscription annual recurring revenue (ARR) of $71 million, significantly surpassing the consensus estimate of $44 million. This robust performance was further underscored by a 51% top-line growth for the quarter ending July 31, exceeding Rosenblatt’s revenue estimates by approximately 9%. Analysts have responded positively to these results, with BMO Capital reiterating an Outperform rating and Piper Sandler maintaining an Overweight rating, both citing strong quarterly performance. KeyBanc raised its price target for Rubrik to $117, acknowledging the company’s solid second-quarter ARR beat. Rosenblatt also increased its price target to $115, maintaining a Buy rating after Rubrik’s impressive earnings report. Cantor Fitzgerald reiterated its Overweight rating, highlighting the company’s performance that exceeded FactSet consensus estimates across various metrics. These developments reflect a positive sentiment among analysts regarding Rubrik’s recent financial achievements.

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