Analyst Andrew Nowinski of Wells Fargo reiterated a Buy rating on Rubrik, Inc. Class A (RBRK – Research Report), boosting the price target to $125.00.
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Andrew Nowinski has given his Buy rating due to a combination of factors that highlight Rubrik, Inc.’s strong market position and growth potential. The company delivered impressive first-quarter results for fiscal year 2026, surpassing consensus estimates for Subscription Annual Recurring Revenue (ARR) by 3%. This performance is driven by the integration of their new Identity Resilience capability, which sets them apart in the market by offering both cyber and identity resilience on a single platform, with minimal competition.
Additionally, Rubrik’s Cloud ARR saw a significant year-over-year increase of 61%, contributing to a robust net new ARR. The company’s strategic focus on expanding its product offerings, such as the integration of the DSPM product Laminar, has resulted in exceptional growth. Moreover, Rubrik is making strides towards operational breakeven, with positive subscription contribution and free cash flow margins, and has raised its annual guidance. These factors collectively support Nowinski’s optimistic outlook and the increased price target of $125.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $113.00 price target.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBRK in relation to earlier this year.