Roth Capital raised the firm’s price target on Rubrik (RBRK) to $107 from $97 and keeps a Buy rating on the shares. The company reported a good quarter with all the metrics coming in ahead of Street expectations, though while its revenue growth accelerated slightly, it was helped by a 7 point tailwind from non-recurring revenues, 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:
- Rubrik price target raised to $110 from $95 at Baird
- Rubrik price target raised to $108 from $105 at Guggenheim
- Rubrik price target raised to $113 from $98 at KeyBanc
- Rubrik price target raised to $125 from $80 at Wells Fargo
- Rubrik, Inc.: Strong Market Position and Growth Potential Drive Buy Rating and Increased Price Target