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.
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