Brokerages Set Rubrik, Inc. (NYSE:RBRK) Target Price at $45.57

Shares of Rubrik, Inc. (NYSE:RBRK) have been assigned an average rating of “Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $45.57.

Several analysts have recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $50.00 target price on shares of Rubrik in a report on Wednesday, June 12th. Barclays increased their target price on Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. BMO Capital Markets upgraded Rubrik from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Thursday, June 6th. Cibc World Mkts upgraded Rubrik to a “strong-buy” rating in a report on Tuesday, May 21st. Finally, CIBC assumed coverage on Rubrik in a report on Tuesday, May 21st. They set an “outperformer” rating and a $50.00 target price on the stock.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $30.65 on Friday. Rubrik has a fifty-two week low of $29.24 and a fifty-two week high of $40.00.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.