Rubrik price target raised to $48 from $47 at Citi

Citi analyst Fatima Boolani raised the firm’s price target on Rubrik to $48 from $47 and keeps a Buy rating on the shares post the fiscal Q2 report. With the lock-up expiration transpiring soon, “against more balanced financial optics,” the shares should garner better support, the analyst tells investors in a research note.