Rubrik price target raised to $110 from $90 at Truist

Truist analyst Joel Fishbein raised the firm’s price target on Rubrik (RBRK) to $110 from $90 and keeps a Buy rating on the shares. The company delivered strong Q1 results that were ahead of the high end of guidance for all metrics and also raised FY26 guidance for growth and profitability for all metrics, the analyst tells investors in a research note. Data Security continues to be a key driver and is helping Rubrik take share and expand with enterprise customers, with the new identity security solutions starting to gain traction, the firm added.