Wells Fargo raised the firm’s price target on Rubrik (RBRK) to $125 from $80 and keeps an Overweight rating on the shares. The firm notes shares were flat after hours even though management delivered a strong beat in Q1 and raised FY26 revenue guidance by more than the Q1 beat. Wells further notes that Rubrik is one of the highest growth stocks in its coverage universe and is closing in on operating margin break-even.
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