Oppenheimer analyst Param Singh notes that Rubrik (RBRK) delivered a strong beat for Q1 and guided Q2/FY26 comfortably ahead of consensus. That said, the firm notes that much of the outperformance to the quarter revenue and guide came from non-recurring revenue, without which Rubrik would have performed below bullish buy-side expectations. With current valuation at 13-times EV/Sales, Oppenheimer believes it fully captures a mid-30s annual growth rate, and maintains a Perform rating on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBRK:
- Rubrik, Inc.: Strong Performance and Cautious Optimism Lead to Hold Rating
- Rubrik price target raised to $110 from $90 at Truist
- Rubrik price target raised to $110 from $77 at BMO Capital
- Morning Movers: Manchester United gains, Lululemon sinks after quarterly reports
- Rubrik price target raised to $120 from $80 at Wedbush