Rubrik price target lowered to $76 from $82 at KeyBanc

KeyBanc lowered the firm’s price target on Rubrik (RBRK) to $76 from $82 and keeps an Overweight rating on the shares. The firm cites weaker macro survey data and lower peer multiples. KeyBanc’s checks indicate Q1 bookings may be fine but to get ready for cautious updated guidance as pipelines build while signings slow.