Rubrik price target raised to $87 from $75 at KeyBanc

KeyBanc analyst Eric Heath raised the firm’s price target on Rubrik (RBRK) to $87 from $75 and keeps an Overweight rating on the shares. The firm remains positive on Rubrik given strong Q4 checks with a few partners; solid results and continued acceleration from peer Commvault (CVLT); feedback of increased traction for Laminar/DSPM; Rubrik a beneficiary of both backup and recovery and data security as high priorities in its recent VAR survey; and conservative consensus estimates with Q4 NNARR.