Rubrik Inc (RBRK) PT Raised to $87 at BMO Capital on 'Steady Momentum'

BMO Capital analyst Keith Bachman raised the price target on Rubrik Inc (NYSE: RBRK) to $87.00 (from $73.00) while maintaining an Outperform rating.

The analyst commented: "Steady Momentum; RBRK reported upside to most key metrics and raised FY27 guides by more than the beats for most guided metrics. While the April quarter ARR beat was smaller than the past few quarters, the raise to the FY27 ARR guide is better than past annual raises, and we envision healthy, sustained demand for RBRK’s core offerings and new solutions. Further, we believe that RBRK is seeing expanded customer interest post Mythos, similar to CRWD and PANW. We reiterate our Outperform rating and raise our target price to $87 from $73."

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