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

Wedbush lowered the firm’s price target on Rubrik (RBRK) to $90 from $120 and keeps an Outperform rating on the shares following quarterly results. The firm cites a lower multiple following the software sell. With that said, Wedbush continues to believe Rubrik is in the early innings as the company is well-positioned to gain significant share in this major opportunity for its cyber resilience solutions.