Robert W. Baird analyst Shrenik Kothari has maintained their bullish stance on RBRK stock, giving a Buy rating yesterday.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Shrenik Kothari has given his Buy rating due to a combination of factors including Rubrik, Inc.’s impressive financial performance in the third quarter of fiscal year 2026. The company exceeded expectations across key metrics, notably achieving record net new annual recurring revenue (NNARR) and free cash flow, which drove the stock price up significantly after hours. Additionally, the company’s strong results in Q3 were carried forward into an optimistic Q4 guidance, with subscription annual recurring revenue (ARR) projections raised above previous estimates.
Furthermore, Rubrik’s strategic focus on identity and security has resulted in a notable increase in security-driven net revenue retention, reaching over 40% for the first time. Despite some revenue headwinds due to material rights, the outlook for fiscal year 2027 remains solid, with normalized ARR growth expected to continue. The company’s commitment to investing in research and development, particularly in data, security, and artificial intelligence, as well as its efforts to achieve product-market fit and scale innovations, further support the positive outlook. These factors collectively underpin Kothari’s confidence in Rubrik’s future performance, justifying the Buy rating.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $107.00 price target.
RBRK’s price has also changed moderately for the past six months – from $98.540 to $70.430, which is a -28.53% drop .