Rubrik Inc (RBRK) PT Raised to $90 at Stephens

Stephens analyst Ren Hefley raised the price target on Rubrik Inc (NYSE: RBRK) to $90.00 (from $75.00) while maintaining a Overweight rating.

The analyst commented: "Rubrik reported strong 1Q results that were paired with a solid increase to its outlook. The results further increase our conviction in Rubrik’s ability to deliver durable mid-20% growth. We continue to see an attractive growth opportunity in data protection driven by continued legacy displacements and an expanding market opportunity driven by cyber resilience and identity resilience. We continue to view Rubrik’s efforts around agentic cyber resilience as an intriguing growth call option and expect this to be a key area of focus at next week’s analyst meeting. We also highlight that Rubrik is combining strong top-line growth with improved profitability, a combination we believe warrants a premium valuation. We reiterate our Overweight rating. We are increasing our price target to $90 (from $75), based on ~9.5x our FY28 revenue estimate."

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