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.
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Read More on RBRK:
- Rubrik price target raised to $110 from $95 at Baird
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- 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
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