CIBC analyst Todd Coupland raised the firm’s price target on Rubrik (RBRK) to $125 from $110 and keeps an Outperformer rating on the shares. The firm notes revenues for Rubrik’s Q1 and guidance for Q2 and 2026 were +2% vs. FactSet. Growth in subscription revenue, subscription ARR contribution margins and free cash flow were all better than FactSet forecasts. CIBC says that despite the conservative guidance, this report, along with cyber resilience remaining a top priority among enterprises, and Rubrik’s market share gains, confirm for it the firm’s positive thesis. CIBC believes the company’s shares are attractive and should be purchased.
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