BMO Capital raised the firm’s price target on Rubrik (RBRK) to $110 from $77 and keeps an Outperform rating on the shares. The company had an all-around solid quarter, including net new annual recurring revenue – ARR – of $89M vs. its estimate of $63M, and the management is raising FY26 ARR guidance by more than the quarterly beat, the analyst tells investors in a research note. The stock deserves a premium to the high growth software universe given the company’s large total addressable market, expanding portfolio, and demonstrated ability to execute, the firm added.
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