Barclays lowered the firm’s price target on Rubrik (RBRK) to $70 from $100 and keeps an Overweight rating on the shares ahead of the Q4 report on March 12. The Q4 preannounced “de-risks” the quarter with sales comp changes likely to drive a larger net new annual recurring revenue number, the analyst tells investors in a research note.
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: