Wedbush analyst Daniel Ives raised the firm’s price target on Rubrik (RBRK) to $120 from $80 and keeps an Outperform rating on the shares. The firm cites greater confidence in the Rubrik growth story moving forward with larger deals in the pipeline as the company accelerates its cloud transformation strategy, while cyber resilience remains a top priority for cybersecurity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBRK: