BMO Capital raised the firm’s price target on Rubrik (RBRK) to $64 from $58 and keeps an Outperform rating on the shares. The firm believes that Rubrik can generate several points of upside to consensus for subscription annual recurring revenue in 2026, driven by expanding customer data volumes, add-ons/ new products, and new logos, the analyst tells investors in a research note. Rubrik’s usage-based pricing model also positions the company well as investors continue to harbor concerns on broader software seed risk, BMO added.
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 secures, accelerates AI Agents on Google Cloud
- Rubrik announces Cyber Resilience for Google Cloud SQL
- Intel upgraded, Reddit initiated: Wall Street’s top analyst calls
- Rubrik initiated with an Outperform at Scotiabank
- 3 Best Growth Stocks to Buy This Week, According to Analysts – April 20-24