Rubrik upgraded to Outperform from Market Perform at William Blair

William Blair upgraded Rubrik (RBRK) to Outperform from Market Perform. The company reported “stellar beat-and-raise results” amid ongoing share gains in the cyber-resilience market, the analyst tells investors in a research note. The firm says demand in the market “remains robust,” driven by new workloads, cloud adoption, and steady data growth. Blair thinks Rubrik “beat-and-raise” quarters will continue into fiscal 2027. While the stock’s valuation is “rich,” this is justified as Rubrik offers “one of the strongest growth rates in software at this scale and a long runway of platform-driven expansion,” the firm contends.