BMO Capital lowered the firm’s price target on Rubrik (RBRK) to $105 from $110 and keeps an Outperform rating on the shares. The company reported upside to key metrics, including net new subscription ARR of $95N vs. consensus of $69M, while the management highlighted strong early traction in the company’s new identity resilience solution, as well as continued momentum in adoption of security capabilities, though the firm is reducing its price target to reflect broader sector multiple compression, the analyst tells investors in a research note.
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