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.
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