Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on Rubrik, Inc. Class A, boosting the price target to $112.00.
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Shrenik Kothari has given his Buy rating due to a combination of factors that suggest a positive outlook for Rubrik, Inc. Class A. The company is expected to see a stronger setup in the second half of the fiscal year, despite facing some challenges in the second quarter due to timing and seasonality factors. The anticipated improvement in cloud ARR comparisons in the third and fourth quarters is likely to support a reacceleration in growth.
Additionally, channel checks indicate robust traction in win rates and multi-product adoption, with a particularly strong performance in security-first messaging. Rubrik’s valuation remains compelling compared to its growth peers, supported by its subscription mix, margin leverage, and platform depth. The company’s strong visibility into expected subscription revenue and its standout performance in data security wins further reinforce the Buy rating.
Kothari covers the Technology sector, focusing on stocks such as Tenable Holdings, Check Point, and Okta. According to TipRanks, Kothari has an average return of 25.6% and a 70.90% success rate on recommended stocks.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $115.00 price target.