Rubrik price target lowered to $90 from $120 at Wedbush

Wedbush analyst Daniel Ives lowered the firm’s price target on Rubrik (RBRK) to $90 from $120 to reflect a lower multiple following the software sell, while keeping an Outperform rating on the shares. The firm notes Rubrik reported its Q4 results which once again featured massive beats the board highlighted by strong revenue, subscription ARR, and margin performance, while also providing FY27 guidance which came in ahead of Street expectations. AI is amplifying the consequence of every breach, as autonomous agents operating on trusted data and identities create catastrophic blast radius in a compromise scenario, reinforcing the mission-critical nature of Rubrik’s offering and driving durable subscription growth with strong NRR.