Brokerages Set Rubrik, Inc. (NYSE:RBRK) Target Price at $45.13

Rubrik, Inc. (NYSE:RBRK) has earned a consensus rating of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Fifteen research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $45.13.

Several analysts have recently issued reports on the company. Mizuho started coverage on Rubrik in a report on Monday, May 20th. They set a “buy” rating and a $46.00 target price on the stock. Guggenheim reissued a “buy” rating and issued a $48.00 price objective on shares of Rubrik in a research note on Tuesday, June 25th. Cibc World Mkts upgraded Rubrik to a “strong-buy” rating in a research note on Tuesday, May 21st. BMO Capital Markets raised Rubrik from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Thursday, June 6th. Finally, Robert W. Baird started coverage on Rubrik in a research report on Monday, July 15th. They issued an “outperform” rating and a $42.00 target price on the stock.

Rubrik Stock Down 5.6 %

Shares of Rubrik stock opened at $32.86 on Wednesday. Rubrik has a twelve month low of $28.34 and a twelve month high of $40.00. The business has a 50-day simple moving average of $33.33.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Tuesday, June 11th. The company reported ($11.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.88) by ($0.59). The firm had revenue of $187.32 million for the quarter, compared to the consensus estimate of $171.60 million. As a group, equities research analysts expect that Rubrik will post -7.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several large investors have recently modified their holdings of RBRK. Register Financial Advisors LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $227,000. Sei Investments Co. acquired a new position in shares of Rubrik during the second quarter worth approximately $235,000. PFG Investments LLC bought a new position in shares of Rubrik in the second quarter valued at $242,000. Natixis Advisors LLC bought a new position in Rubrik in the 2nd quarter valued at about $406,000. Finally, Bank of Montreal Can bought a new stake in Rubrik during the 2nd quarter worth approximately $427,000.

Rubrik Company Profile

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.