Wedbush raised the firm’s price target on Rubrik (RBRK) to $80 from $75 and keeps an Outperform rating on the shares. The firm notes Rubrik reported its Q4 earnings, which once again featured massive beats across the board highlighted by strong revenue and subscription ARR performance in what was a highly impressive first year as a public company. Wedbush cites a higher multiple and increased confidence in the Rubrik growth story heading into FY26 for the price target change.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBRK:
- Rubrik price target raised to $77 from $72 at BMO Capital
- Rubrik, Inc.: Strong Financial Performance and Promising Outlook Justify Buy Rating
- Rubrik price target lowered to $82 from $87 at KeyBanc
- Rubrik price target raised to $87 from $83 at Piper Sandler
- Rubrik price target raised to $80 from $76 at Wells Fargo