Rosenblatt Upgrades Rubrik Inc (RBRK) to Buy, 'Recent Weakness An Opportunity'

Rosenblatt analyst Blair Abernathy upgraded Rubrik Inc (NYSE: RBRK) from Neutral to Buy with a price target of $77.00.

The analyst comments "Rubrik reports Q4/FY25 results (ending January 31) on March 13th, AMC. We expect in-line to marginally better results in Q4 from Rubrik, with Total Revenue growth of 33% Y/Y to $232.5m and Subscription Revenue growth of 40% Y/Y. We expect Subscription Revenue to account for 94% of Total Revenue in FY25 (Cloud was 77% of ARR as of Q3), and are leaving our forecast unchanged. Since our initiation report on December 16th titled “Delivering Cyber Resilience; Initiating Coverage with Neutral Rating”, the stock has declined ~25%. As we remain comfortable with our growth forecast, Rubrik’s strong product position in a growing TAM, and our target price of $77, we are upgrading Rubrik to Buy."

For an analyst ratings summary and ratings history on Rubrik Inc click here. For more ratings news on Rubrik Inc click here.

Shares of Rubrik Inc closed at $53.82 yesterday.

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