Rubrik price target raised to $95 from $85 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Rubrik (RBRK) to $95 from $85 and keeps an Overweight rating on the shares ahead of the Q1 earnings report. Cantor continues to see strong demand for the Rubrik Security Cloud platform and a long growth runway fueled by cloud data backup and data security tailwinds, large deal activity, and strong execution, the analyst tells investors in a research note. The firm continues to see the opportunity for Rubrik to deliver robust and durable growth for the foreseeable future.