Scotiabank analyst Joe Vandrick last night initiated coverage of Rubrik (RBRK) with an Outperform rating and $70 price target The firm says Rubrik “has a great product with a differentiated security-first architecture.” The company is early in its penetration of an “attractive” end market and should be insulated from AI disruption, the analyst tells investors in a research note. Scotiabank says Rubrik’s long-term share gain potential is underappreciated at current share levels.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBRK:
- Rubrik initiated with an Outperform at Scotiabank
- 3 Best Growth Stocks to Buy This Week, According to Analysts – April 20-24
- Rubrik price target lowered to $70 from $80 at KeyBanc
- Commvault could draw $125-$130 in a potential deal, says Oppenheimer
- Rubrik Inc call volume above normal and directionally bullish