BTIG initiated coverage of Rubrik (RBRK) with a Buy rating and $64 price target Several durable tailwinds should support elevated revenue growth over the next few years, says the analyst, who calls Rubrik an “underappreciated AI driven growth story.” Looking to FY27, Street estimates call for ARR growth of 25.5% and in an upside scenario the firm thinks Rubrik could grow closer to 29% this year, the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBRK:
- Rackspace Technology, Rubrik launch UK Sovereign Cyber Recovery Cloud
- 3 Best Stocks to Buy This Week, According to Analysts – March 16-20
- Rubrik price target lowered to $110 from $130 at CIBC
- Rubrik price target lowered to $90 from $100 at Deutsche Bank
- Rubrik price target lowered to $90 from $120 at Wedbush
