Rubrik price target raised to $72 from $52 at Guggenheim

Guggenheim analyst John DiFucci raised the firm’s price target on Rubrik (RBRK) to $72 from $52 and keeps a Buy rating on the shares after the company “easily exceeded” fiscal Q3 consensus estimates and raised implied Q4 guidance. Looking closer at the results, the firm sees “a company exhibiting uncommon business momentum that should sustain uncommon growth for the foreseeable future,” the analyst tells investors.