Rubrik, Inc. Class A, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Shrenik Kothari from Robert W. Baird maintained a Buy rating on the stock and has a $120.00 price target.
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Shrenik Kothari has given his Buy rating due to a combination of factors that favor Rubrik, Inc. Class A’s market position and growth prospects. The company is entering its fiscal third quarter with a favorable setup, benefiting from strong seasonality patterns and easier comparisons for its Subscription and Cloud ARR. This positions Rubrik well for continued growth, as evidenced by robust channel feedback and an accelerating sales pipeline.
Additionally, Rubrik’s valuation appears attractive, with a reset to approximately 6.5 times the enterprise value to expected sales in 2027. The company’s strategic focus on expanding its platform capabilities beyond traditional backup solutions, including AI-driven recovery and anomaly detection, enhances its value proposition. This strategic shift is supported by strong partnerships and initiatives, such as those with Azure AI, which bolster Rubrik’s role in data protection and cyber resilience, particularly in regulated and cloud-native sectors.
In another report released on November 30, Guggenheim also maintained a Buy rating on the stock with a $108.00 price target.
Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBRK in relation to earlier this year.