Analyst Keith Bachman of BMO Capital maintained a Buy rating on Rubrik, Inc. Class A (RBRK – Research Report), with a price target of $77.00.
Keith Bachman has given his Buy rating due to a combination of factors including Rubrik, Inc.’s strong financial performance and promising future outlook. The company has demonstrated solid results, driven by a broad-based demand and an expanding product portfolio. Notably, Rubrik’s net new subscription ARR growth has accelerated, and its free cash flow results have been particularly strong, which are key indicators of the company’s financial health.
Furthermore, management’s guidance for FY26 subscription ARR growth is notably above consensus, showcasing a constructive outlook compared to its software peers. The introduction of new products like Identity Provider Protection and Orchestrated AD Forest Recovery has shown strong early traction, indicating significant market opportunities. Additionally, the company’s valuation is deemed attractive, and its target price has been raised to reflect the positive adjustments in revenue estimates.
In another report released today, Piper Sandler also reiterated a Buy rating on the stock with a $87.00 price target.
Based on the recent corporate insider activity of 62 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.