Rubrik: Share Price Pullback Creates Attractive Entry as Cybersecurity-Led Growth Outpaces Legacy Competitors

Citi analyst Fatima Boolani reiterated a Buy rating on Rubrik, Inc. Class A yesterday and set a price target of $115.00.

Fatima Boolani has given his Buy rating due to a combination of factors, notably the sharp pullback in Rubrik’s share price despite underlying business trends that remain constructive. Her recent partner checks suggest Rubrik continues to grow faster than key competitors, win incremental budgets, and displace legacy offerings, particularly against Dell’s backup and recovery franchises, supporting a more favorable risk‑reward profile from current levels.

At the same time, she sees Rubrik’s cybersecurity‑focused go‑to‑market positioning resonating more with customers, countering concerns that integrated rivals may slow its momentum or compress pricing. While acknowledging near‑term headwinds from revenue mix shifts, leadership transition and the need for clearer AI and cloud‑agent milestones, she views subscription ARR economics and execution resilience as underpinning long‑term value creation, justifying a Buy recommendation.

In another report released yesterday, CIBC also maintained a Buy rating on the stock with a $130.00 price target.

Based on the recent corporate insider activity of 123 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.