Wells Fargo raised the firm’s price target on Rubrik (RBRK) to $125 from $80 and keeps an Overweight rating on the shares. The firm notes shares were flat after hours even though management delivered a strong beat in Q1 and raised FY26 revenue guidance by more than the Q1 beat. Wells further notes that Rubrik is one of the highest growth stocks in its coverage universe and is closing in on operating margin break-even.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBRK:
- Rubrik, Inc.: Strong Market Position and Growth Potential Drive Buy Rating and Increased Price Target
- Rubrik, Inc. Reports Strong Q1 FY 2026 Results
- Rubrik, Inc. Receives Buy Rating for Strong Financial Performance and Strategic Positioning in Cybersecurity Market
- Closing Bell Movers: Lululemon falls over 20% on soft guidance
- Rubrik reports Q1 adjusted EPS (15c), consensus (32c)