Rubrik price target raised to $115 from $100 at FBN Securities

FBN Securities raised the firm’s price target on Rubrik (RBRK) to $115 from $100 and keeps an Outperform rating on the shares. The firm cites strong Q2 results in which revenue grew by 51% year-over-year and came in 10% above consensus, subscription ARR grew by 36% year-over-year, and NG subscription margin of 9.4% grew by 17.6pp year-over-year.