KeyBanc raised the firm’s price target on Rubrik (RBRK) to $57 from $48 and keeps an Overweight rating on the shares. The firm sees a high bar for October security reporters given strong stock performance despite muted Q3 security earnings results thus far, saying its checks have been solid, the analyst tells investors in a research note. KeyBanc says feedback has been positive on catalysts from the Digital Operational Resilience Act driving increased attention on backup/recovery among global and European financial services customers.
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