Truist analyst Joel Fishbein keeps a Buy rating and $43 price target on on Rubrik after its “strong” Q2 earnings beat on revenue and free cash flow while also raising the firm’s revenue view for FY25 to $835M from $817M. Rubrik’s ability to manage all data types in a variety of deployment environments, increasing number of use cases, technology innovation, and high recurring revenue, have positioned it strongly for durable growth going forward, the analyst tells investors in a research note.
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