Rubrik price target raised to $75 from $50 at Truist

Truist raised the firm’s price target on Rubrik (RBRK) to $75 from $50 and keeps a Buy rating on the shares. The company delivered impressive Q3 results in its 3rd quarter as a public company, which were ahead of expectations for all key metrics – annual recurring revenue, contribution margin, and free cash flow, Truist states. Rubrik is well-positioned as the only vendor offering both cyber resiliency and data security posture management, the analyst tells investors in a research note.