Rubrik price target raised to $90 from $75 at Truist

Truist raised the firm’s price target on Rubrik (RBRK) to $90 from $75 and keeps a Buy rating on the shares ahead of its Q4 results. The company is well-positioned as the only vendor offering both cyber resiliency and data security posture management, as data security is becoming a critical layer of cybersecurity in the face of rising ransomware attacks, the analyst tells investors in a research note. Rubrik is seeing strong adoption of its security offerings, including DSPM, and is successfully navigating its SaaS transition, the firm added.