CIBC raised the firm’s price target on Rubrik (RBRK) to $130 from $125 and keeps an Outperformer rating on the shares. The firm says its positive thesis on shares was reaffirmed by the Q2 earnings report despite the “conservative” Q3 outlook. It forecasts revenue growth of 34% for fiscal 2026 and 23% for 2027. CIBC finds Rubrik shares attractive at current levels.
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:
- Cathie Wood Loads Up on Klarna, Synopsys, and Rubrik, Trims Shopify and Roblox Stocks
- Strong Buy Recommendation for Rubrik, Inc. Driven by Robust Cloud ARR Growth and Strategic Positioning
- Rubrik, Inc. Shines in Earnings Call Amid Challenges
- Rubrik price target raised to $115 from $100 at FBN Securities
- Rubrik falls -15.5%